State wise list of City Union Bank IFSC code, MICR code and addresses of all branches in India
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Online money transfer has been a boon to millions of customers in India. It has sped up the process of money transfer which usually used to take days to process. Even in an emergency, people would be helpless as they would have had to wait up to a few days to transfer money to a beneficiary in need. However, those days have passed now as the RBI has introduced two highly efficient services to enable banks and its customers to transfer funds swiftly and securely. NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are two electronic payment services introduced by the RBI which employ a special code, known as the IFSC (Indian Financial system Code), to transfer money from one bank account to another. Only banks which are a part of the NEFT network may participate and offer the NEFT and RTGS services to their customers.
The IFSC, which is essential to both NEFT and RTGS, is an 11 character alphanumeric code. This code is issued by the RBI to every bank participating in the NEFT network and helps regulate the flow of funds from the source bank to the destination bank. With the IFSC, customers can transfer money to any other account of a bank which is a part of the NEFT network.
The IFSC code can be broken down into three parts for better understanding. The first 4 characters of the code represent the name of the bank, the fifth character is always zero and has been reserved for future use. The last 6 characters of the code represent the specific branch. So, for example, the City Union Bank IFSC code for the Bellary branch is CIUB0000250, wherein the first 4 characters ‘CIUB’ represent the name of the bank which is City Union Bank, the fifth character remains zero and the last 6 characters ‘000250’ represent the specific branch, Bellary in this case.
It is easy to find the IFSC and MICR codes of City Union Bank online as well as offline. To begin with, every cheque leaf of any City Union Bank cheque book will carry the IFSC and MICR code of the issuing branch. Additionally, you can also look up the City Union Bank IFSC and MICR codes online easily on BankBazaar. Just visit the website’s main page where you will find the tab ‘Bank IFSC Code’ at the bottom. Click on the tab and you will be redirected to another page with 4 drop down menus. Here, you will be required to provide the name of the bank, the state, district and city it is located in and the specific branch that you’re looking for. Once all the necessary information has been provided, the page will immediately display for you the requested information like the IFSC and MICR code of the bank, in addition to the address and contact details of the bank branch as well.
NEFT and RTGS have made the process of money transfer extremely simple, hassle-free, efficient and secure. Customers can now transfer money to a beneficiary located across the country, in a matter of a few hours, instead of days. Both these processes make use of the IFSC code to make money transfers. With these two services, customers of City Union Bank can transfer money not only to other CUB account holders but also to account of any other bank which is a part of the NEFT network.
NEFT:
City Union Bank allows its customers to make quick fund transfers with the help of NEFT or National Electronic Funds Transfer. This is an electronic payment service which allows customers and banks to transfer money quickly and securely to any bank which is a part of the NEFT network. Any customer of City Union Bank can avail this service for making a transfer for any amount of money. However, non-customers of the bank may only make a cash remittance of up to Rs 50,000 via NEFT. In order to carry out an NEFT transaction, the customers must provide the beneficiary’s details like their name, account number, address, bank name and branch IFSC code. The timings for carrying out NEFT transactions are between 9:00 AM to 4:00 PM from Monday to Friday and between 9:00 AM to 11:00 Noon on Saturdays.
RTGS:
RTGS or Real Time Gross Settlement is another electronic payment service offered by City Union Bank to its customers. This method of fund transfer is ideal for making high value monetary transfers of a minimum of Rs 2 lakh or more. Any customer of any CUB branch can avail this facility. To carry out an RTGS transaction, the customer must provide the beneficiary’s details like their name address, account number, bank name and branch IFSC code. The timings for RTGS transactions are between 9:00 AM to 4:30 PM from Monday to Friday and between 9:00 AM to 12:30 PM on Saturdays.
City Union Bank (CUB) is a banking and financial services company established in 1904. Originally founded as Kumbakonam Bank Limited, the bank is headquartered in Kumbakonam and operates with the help of a network of 426 computerized branches. CUB offers a range of financial products and services like investment banking, commercial banking, retail banking, private banking, asset management, forex and mortgage.
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