The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Union Bank of India IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'UBIN', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Union Bank of India branch. If you are looking for online IFSC Code of Union Bank of India you can find here in Goodreturns.
With a branch network in excess of 4200, Union Bank is among the top banks in the country, in terms of branch network.
The bank has been active in promoting economic growth through loans and deposits.
The Union Bank of India began its operations in the early 1900s like most other banks. It was inaugurated by Mahatma Gandhi, the Father of the nation in the year 1921. It began its operations in Bombay, now Mumbai.
Today, the bank has achieved remarkable progress and 100 per cent computerization. In fact, the clients of the bank is in excess of 5.7 crores, making it a solid and well established bank in the country.
Huge balance sheet
Union Bank has seen its balance sheet rise substantially in the last few years. Today, Union Bank of India has achieved total business level of Rs. 5,79,627 crore (Rupees five lakh seventy Nine thousand six hundred and twenty seven crore) for the year ending March 31, 2015.
If you need the IFSC to transfer money to any of the branches of Union Bank, you would need the IFSC codes of Union Bank, which can be got by visiting the website of goodreturns.in