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Union Bank of India

BHATAGALLI,LOHARA BRANCH

266300

IFSC CODE
UBIN0550469
MICR Code
Branch Code 550469
City / District LOHARA
State MAHARASHTRA
Office Address LOHARA PATODA ROAD ATPOSTLOHARA TALUKA OSMANABAD DIST. LATURMAHARASHTRA PIN413 608
Phone 266300
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Union Bank of India

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the BHATAGALLI,LOHARA branch of Union Bank of India, the code UBIN0550469 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the UBIN0550469 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"UBIN" represents Union Bank of India

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for BHATAGALLI,LOHARA

Payment Systems Supported by UBIN0550469

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code——is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Union Bank of India in LOHARA typically follows the RBI holiday calendar. Digital transfers via UBIN0550469 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While UBIN0550469 is the valid code for BHATAGALLI,LOHARA at LOHARA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

  • • Union Bank of India Branch List
  • • LOHARA IFSC Codes
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  • • Bank Holiday in MAHARASHTRA

Financial Tools

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Branch Context

  • • BHATAGALLI,LOHARA Contact
  • • Address of Union Bank of India
  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
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  • • IFSC Finder v2.0

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