State wise list of Union Bank IFSC code, MICR code and addresses of all branches in India
(used for RTGS and NEFT transactions)
|MICR Code||MICR not provided.|
|Bank||UNION BANK OF INDIA|
"All information provided in respect of IFSC Codes of Banks, contact numbers and other details are for information purposes only. BankBazaar, on best efforts basis, collates this information from relevant sources and endeavors to offer accurate and responsible data. BankBazaar is not responsible for any sort of discrepancies and shall not be responsible for any loss and/or damage that may arise or is incurred by use of such information. It is a mutual understanding that the visitor's usage of any such information will be at his own preference and risk."
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IFSC codes have been allotted to all the branches of banks in India to easily identify transactions done through a particular branch. IFSC codes are alphanumeric, 11-digit codes, which are unique to a single branch and do not ever repeat. Money transfers can be done to a particular branch by compulsorily entering IFSC codes or MICR codes. These codes also helps users ensure that the transferred funds go to the right person, without any hassles.
Indian Financial System Code (IFSC) is utilized for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), a bank-to-bank electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) designed by Reserve Bank of India (RBI). All this is to make it easier to track cash inflow and outflow.
The Reserve Bank of India has given different codes to all banks in the country and mandates their usage for all kinds of online money transactions. An IFSC code can be explained as carrying three different segments. The first four alphabets represent the name of the bank to which the code has been assigned. Then comes a zero which is generally a control character, left for future use. The next six digits of the code signify the specific branch of Union Bank of India and this is always unique. The last six digits change with every branch available.
Given below is an example of a Union Bank IFSC Code:
“UBIN0567434” - IFSC Code for a Union Bank of India branch
IFSC codes and MICR codes can be easily procured if the bank’s full name and the branch area is known to you. Users can conveniently find MICR codes and IFSC codes printed on cheque books/ leaves issued by Union Bank of India. The Reserve Bank of India website also offers the complete list of IFSC codes required for customers. Apart from the bank’s official website, the other sources available for getting IFSC codes are either third party financial websites or fiscal comparison websites.
BankBazaar, which is a popular financial comparison site, gives a comprehensive table carrying IFSC codes for Union Bank’s branches within India. Any user visiting the BankBazaar website has to select the Bank IFSC code link present at the bottom of the main page. Customers clicking on this link will be taken to a second page carrying four dropdowns. Customers have to enter certain details like state, bank, branch and district in order to get IFSC codes or MICR codes for Union Bank of India. The generated table also contains the phone number, address of the branch, name, branch code etc.
Union Bank customers can conveniently make online fund transfers by using NEFT or RTGS services, available on the bank’s website.
National Electronic Funds Transfer (NEFT):
National Electronic Funds Transfers (NEFT) are done in batches and have a specific timing within which the funds are settled by Union Bank of India. This process works on the basis of Deferred Net Settlements and is done on an hourly schedule. The money is credited to the beneficiary on the same day, if the batch clearance is within the stipulated time frame. Otherwise the money is credited on the next working day.
Real Time Gross Settlement System (RTGS):
Real Time Gross Settlement System (RTGS) transfers are done on an individual transaction basis, i.e., the clearance of funds are schedules one by one. As per the standing instructions set, UOB settles RTGS transactions within the current working day. RTGS is one of the fastest modes of fund transfers available and can be performed on completely secure platforms.
NEFT & RTGS Operating Hours:
|Monday to Friday – 8 AM to 4.20 PM||Monday to Friday – 8 AM to 6.30 PM|
|Bulk RTGS File must be uploaded before 3:50 PM if you want it to be processed on the same day.||Bulk NEFT File must be uploaded before 6 AM PM if you want it to be processed on the same day.|
|Saturday (except 2nd & 4th) – 3:30 PM||Saturday (except 2nd & 4th)|
For transaction amount ranging from INR 2 lacs to INR 5 lacs:
For transaction sum exceeding INR 5 lacs:
Information Required for Funds Transfer using any payment mode:
While making a NEFT or RTGS transaction with Union Bank of India, customers need to provide the below information:
Union Bank of India (UBI) is one of the premier banks owned by the Govt. of India (with 60.13 percent shares) and was established in the year 1919. Headquartered in Mumbai, financial capital of the country, it was officially inaugurated by Mahatma Gandhi in 1921. A popular banking brand in India, Union bank has a pan-India network of more than 4000 branches supported by around 6400 ATMs. Having achieved a significant name on the Forbes 2000 with a whopping asset of 13.45 billion USD, it has a strong international presence too. Union Bank has always played a pre-emptive role in country’s economic progression and continues to do so. It never failed to extend credit for the necessities of various segments of economy.
|•SBI IFSC Code||•HDFC IFSC Code||•Axis Bank IFSC Code||•Indian Bank IFSC Code|
|•ICICI IFSC Code||•Bank of Baroda IFSC Code||•PNB IFSC code||•Canara Bank IFSC Code|
|•Allahabad Bank IFSC Code||•Canara Bank IFSC Code||•Andhra Bank IFSC Code||•Union Bank of India IFSC Code|
|•Syndicate Bank IFSC Code||•IDBI IFSC Code||•SBH IFSC Code||•CitiBank IFSC Code|
Union Bank of India has planned to recover Rs.2,000 crore from the resolution of three stressed power projects given that interest has been shown by other operators in these projects. The three projects where the bank has exposure are currently at different stages of resolution. The projects which include the GMR Chhattisgarh Energy Limited and Prayagraj Power Generation Co Ltd (PPGCL), a subsidiary of Jaiprakash Power Ventures Ltd have a project cost of Rs.11,542 crore and Rs.15,537 crore respectively. Of the total project cost in the GMR project, Rs.8,173.9 crore is debt component while the remaining Rs.3,367.54 crore being equity. In the Prayagraj project, Rs.4,543.50 crore is equity while Rs.10,993.50 crore is debt.
As per a senior official of Union Bank of India, the total exposure of the bank in the power sector is around Rs.6,000 crore. The official added the haircut in the above-mentioned power projects is going to be less than 50%. It needs to be mentioned that SBI, the lead banker in most stressed power projects had last month stated that around 7-8 projects were expected to be resolved soon which was worth Rs.17,000 crore.
Union Bank of India had reported a 12% increase in its net profit of Rs.130 crore at the end of the first quarter of the current financial year, i.e., 2018-19. In the last financial year, the bank had made a net profit of Rs.116.58 crore during the same quarter. It is noteworthy to mention here that there are about 34 stressed power projects in the country with their combined value of outstanding loans being Rs.1.74 lakh crore.
10 September 2018
In an effort to increase the digital literacy among senior citizens, Union Bank of India organized its first Digital Banking Awareness Campaign at the Nana Nani Park, Chowpatty in Mumbai. 150 senior citizen customers visit the bank every morning, therefore, a three-hour training session was organized to educate them on the benefits of digital banking. Senior citizens were taken through Union Bank’s various digital apps, such as, DigiPurse, UMobile, and the Unified Payment Interface (UPI). The campaign is to minimize the gap between old and young in the digital banking system and to help graduate all its customers to the digital banking platform.
19th December 2016
Union Bank of India, one of largest government-owned banks in India has issued 7,500 unsecured, redeemable, subordinated Basel III compliant Tier II bonds for a face value of Rs.10 lakh each. The bonds, which will mature on November 24th, 2026, are to be listed on the National Stock Exchange (NSE). The coupon on the bonds is set at 7.74 % p.a. payable annually on November 24th till redemption. The bonds have been rated AAA/Negative by Credit Rating Information Services of India Limited (CRISIL). Union Bank offers services under three main categories, deposits, loans and advances, and remittances and collections. The bank is segmented into treasury operations, retail banking, corporate and wholesale banking, and other services.
25th November 2016
Union Bank of India has launched a USSD based ‘*99#’ mobile application for the Android platform, on Playstore.
This app does not need internet connectivity for its operation. It enables basic banking operations like checking account balance, MPIN management and funds transfer. The app also provides value-added services such as PMJDY account overdraft status and Aadhaar-linked overdraft status.
1st September, 2016
Security of one of Union Bank of India’s offshore accounts has been compromised in a cyber attack. However, the hacking was tracked and money transfer through IFSC or BRIC codes had been blocked. The bank suffered no loss in the incident.
The “nostro” account, a bank’s foreign currency account maintained in a foreign bank, was breached in New York. Around 70 percent of the amount was already traced and retrieved, while the remaining will be reclaimed in a few days, said Arun Tiwari, Union Bank chairman.
The Reserve Bank of India had told Indian banks last month to set up higher cyber security for their overseas accounts after Bangladesh’s central bank lost around USD 81 million in an online heist.
22nd July 2016
One of India’s largest public sector banks, Union Bank of India has launched e-SBTR (Electronic Secured Bank Treasury Receipt) that enables payment of registration fee as well as stamp duty fee towards home purchases in Maharashtra. This single window payment facility is an online facility that can be used 24/7 throughout the year and does not have a ceiling. e-SBTR will be made available to Union Bank of India customers in all the branches in the state through internet banking. The bank allows its customers to use other electronic fund transfer facilities such as NEFT and RTGS using IFSC codes of the bank branches.
26th May 2016
Union Bank of India has introduced a payment facility for registration fee and stamp duty for customers purchasing houses. The facility is called the e-SBTR (Electronic Secured Bank Treasury Receipt) and it allows customers to make payments related to housing purchases through a single window.
The e-SBTR is available for use 24 hours via the internet banking facility, where home buyers can complete all formalities including paperwork, online. Customers can also get their final documents endorsed at the branch level in one go. The facility will be initially available at all 508 branches of the Union Bank of India in Maharashtra and later expand to other states. Union Bank of India also offers electronic fund transfer facilities where money can be transferred using the IFSC codes of bank branches.
25th May 2016
Union Bank of India has launched an Electronic Secured Bank Treasury Receipt (e-SBTR) that allows single window payment of both stamp duty and registration fee for house purchase in Maharashtra.
Any amount can be paid through e-SBTR and it can be availed at any time of the day and year through internet banking. IFSC codes are not required to make this transaction.
While the product has been launched in the 508 branches of the Mumbai-based bank initially, it will be offered at branches in other states soon, the bank said.
25th May 2016
Union Finance Minister Arun Jaitley believes,banks play a significant role in helping a country achieve high growth rates according to his speech in Sydney at the inaugural ceremony of the Union Bank of India. The inauguration of the Sydney branch was done in the presence of the Chairman & Managing Director of Union Bank of India, Mr. Arun Tiwari and High Commissioner of India in Australia, Mr. Navdeep Suri among others.
Jaitley also said that in order to recapitalise banks, sufficient funds would be provided.
The Union Bank of India was established in 1919 and is the currently the fifth largest in India among nationalised banks. As part of its banking portfolio, Union Bank of India offers services and products for MSME, Agriculture, Retail along with NRI and corporate customers and online transfer of funds via IFSC codes. This bank has over 4000 branches including three abroad and 6999 ATMs. The app ‘Digipurse’ was recently launched with the aim of simplifying various options such as mobile and DTH recharge, online shopping and more.
29th March 2016
The DigiPurse app is now available for those using Windows smartphones. Money transfers, shopping, recharges and utility bills can be paid through the Union Bank DigiPurse online wallet app. DigiPurse also enables customers to send funds to other users, as well as to accounts in other banks.
Customers have to transfer money from their internet banking or credit/debit cards to begin paying through the app. A feature of the app is its Visa card, a virtual card that can be used to make payments across websites. Money can also be transferred instantly via IMPS. This would require the IFSC or MICR code for the transactions to go through.
2nd February 2016
|• Union Bank of India Bhimavaram Branch||• Union Bank of India Begumpet Branch||• Union Bank of India Dilsukhnagar Branch|
|• Union Bank of India Kamalapuri Colony Branch||• Union Bank of India Kandikal Branch||• Union Bank of India Saifabad Branch|
|• Union Bank of India Secunderabad Branch||• Union Bank of India Somajiguda Branch||• Union Bank of India Governorpet Vijayawada Branch|
|• Union Bank of India Akkayyapalem Branch||• Union Bank of India Dwaraka Nagar Visakhapatnam Branch||• Union Bank of India Gandhi Institute of Technology Mangt Branch|
|• Union Bank of India Madhurawada Branch||• Union Bank of India Mvp Colony Branch||• Union Bank of India Vizianagaram Branch|
|• Union Bank of India Connaught Place Branch||• Union Bank of India Jodhpur Tekra Ahmedabad Branch||• Union Bank of India Race Course Circle Rajkot Branch|
|• Union Bank of India City Light Surat Branch||• Union Bank of India Jharsa Road Gurgaon Branch||• Union Bank of India Bvk Iyengar Road Branch|
|• Union Bank of India Gitam University Branch||• Union Bank of India Hennur Branch||• Union Bank of India Hsr Layout Branch|
|• Union Bank of India Richmond Town Branch||• Union Bank of India Annapurna Road Indore Branch||• Union Bank of India Sindhi Colony Indore Branch|
|• Union Bank of India Jabalpur Cantonment Branch||• Union Bank of India High Court Jabalpur Branch||• Union Bank of India Darukhana Reay Road Mumbai Branch|
|• Union Bank of India Goregaon East Mumbai SSI Branch||• Union Bank of India Hiranandani Powai Branch||• Union Bank of India Mumbai Samachar Marg Branch|
|• Union Bank of India Nariman Point Branch||• Union Bank of India Oshiwara Branch||• Union Bank of India Vashi Turbhe Branch|
|• Union Bank of India Vikhroli West Branch||• Union Bank of India Market Yard Pune Branch||• Union Bank of India Adyar Branch|
|• Union Bank of India Chennai Main Branch||• Union Bank of India Gandhipuram Coimbatore Branch||• Union Bank of India Up Azamgarh Branch|
|• Union Bank of India Maharajganj Jaunpur Branch||• Union Bank of India Jaunpur Patti Narendrapur Branch||• Union Bank of India Knowledge Park Greater Noida Branch|
|• Union Bank of India Noida Complex Harola Main Branch||• Union Bank of India Sector 51 Hoshiarpur Noida Branch||• Union Bank of India Vijay Nagar Branch|
|• Union Bank of India Mahe Branch||• Union Bank of India Kharagpur Branch|
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