Find IFSC and MICR Code For Union Bank Of India in Bokaro Steel City

Choose Branch

Union Bank Of India
Jharkhand
Uttar Pradesh
Kerala
Maharashtra
Gujarat
Chhattisgarh
Telangana
Odisha
Tamil Nadu
Haryana
Andhra Pradesh
Bihar
Assam
Jharkhand
Madhya Pradesh
Uttarakhand
Chandigarh
West Bengal
Karnataka
Punjab
Rajasthan
Delhi
Jammu And Kashmir
Manipur
Goa
Himachal Pradesh
Mizoram
Sikkim
Tripura
Nagaland
Meghalaya
Puducherry
Andaman And Nicobar Island
Arunachal Pradesh
Daman And Diu
Bokaro Steel City
Ranchi
Dhanbad
Barhi
Madhupur
Chakradharpur
Tandwa
Jammu
Jamshedpur
Lohardagga
Khunti
Jamtara
Chas
Chandwa
Chilgu
Chatra
Latehar
Bokaro Steel City
Garhwa
Mandar
Kanke
Sahebganj
Pakur
Daltonganj
Godda
Saraikela
Hazaribagh
Koderma
Bokaro
Dumka
Chaibasa
Deoghar
Mango
Ramgarh
Doranda
Khayerpal
Partappur
Surda
Chatti Bariatu
Chapudih
Bahadurpur
Arki
Manjhari
Pilaval
Kumardungi
Keradari
Gandev
Bengabad
Beniadih
Haldipukur
Jhumritilaiya
Tamar
Chandil Dist Seraikela
Muri
Silli
Jainmore
Giridih
Chas
Bokaro Steel City College
Bokaro Steel City
Read More
Read Less

What is IFSC Code?

IFSC code, short for Indian Financial System Code, is 11 digit character or alphanumeric code used in electronic fund transfer within the different banks and their branches in India.

The IFSC or IFSC code, as its widely known, is used for the identification of different banks and branches. Out of the 11 characters, the first four are bank codes, and the last six are branch codes. This leaves out the fifth character, which is currently designated as zero and is reserved for any future use.

neft

NEFT

National Electronic Funds Transfer

imps

IMPS

Immediate Payment Service

rtgs

RTGS

Real-Time Gross Settlement

IFSC codes in India are used for these three primary services. IFSC also helps in the Unified Payments Interface or UPI payment system as well.

An example of an IFSC Code will be SBIN0000AABB. Where the first four denote the bank, in this instance, SBI, and the last would be the branch.

What are the major differences between a IFSC code and MICR code?
IFSC CodeMICR Code
The purpose of IFSC code is to help facilitate electronic transfer of fundsMICR code's purpose is to process cheques faster through ECR
IFSC codes has 11 alpha numeric charactersMICR has 9 digit code
The first 4 characters of IFSC is the Bank's codeThe bank is signified by the 4th, 5th and 6th digits of the code

Trending Blogs

Most Frequently Asked Questions?

Let's Explore the Most Frequently Asked Questions on IFSC & MICR

Indian Financial System Code is the expanded form of the IFSC code.

We can identify the Bank from the first 4 characters of the IFSC code.

An IFSC code contains alphanumeric characters.

An IFSC code contains alphanumeric characters.

The major parts of the IFSC code are the bank code and branch code.

A SWIFT code is used for transferring funds on an International level.

The major electronic payment systems in India are NEFT, RTGS, IMPS, and UPI.

The Reserve Bank of India provides a unique 11-digit IFSC code to the banks.

There is no minimum amount you can transfer under NEFT under retail banking and corporate banking

The maximum amount you can transfer under NEFT under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

INR 2 lakhs is the amount you can transfer under RTGS under retail banking.

The maximum amount you can transfer under RTGS under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.

In a vast country like India, there are numerous cities and towns with the same name, some of them even in the same district. Thus to correctly identify the right or the proper branch, IFSC codes can help out easily by dedicating a specific code for each branch.

Indian Festivals

 EXPERIENCE OUR APP NOW

playStoreImage

playStoreImage

+91 9164247247 (9:30 AM - 7:30 PM)
e-mail : enquiry@homes247.in

Stay Connected

Copyright © 2017 VSNAP Technology Solutions Pvt Ltd | All Rights Reserved.

homiAiChatButton

Hi, I’m Homie 👋
Click to Post Your Property easily with AI