What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Union Bank Of India Banur Mohali Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address V P O BANUR WARD NO 12 GRAIN MKT MOHALI PUNJAB PINCODE 140601
State PUNJAB
District MOHALI
Branch BANUR
IFSC Code UBIN0568732
Branch Code 568732 (Last six characters of IFSC code represent Branch code.)
MICR Code 106026020
Contact Phone 0
via https://bankingzone.in/ifsc

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