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 Varansi Bahraich Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address S 145-K,PLOT NO.59, RAJESWARI NAGAR COLONY, GILAT BAZAR, SHIIVPUR VARANASI-221002,UP.
State UTTAR PRADESH
District BAHRAICH
Branch VARANSI
IFSC Code UBIN0554561
Branch Code 554561 (Last six characters of IFSC code represent Branch code.)
MICR Code 221026022
Contact Phone 0
via https://bankingzone.in/ifsc

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