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Union Bank of India

BIHAR STATE MINERAL DEV.CORPN.- DORANDA BRANCH

2491678

IFSC CODE
UBIN0552895
MICR Code 834026003
Branch Code 552895
City / District DORANDA
State JHARKHAND
Office Address BIHAR STATE MINERAL DEV. CORPN. CAMPUS,NEPAL HOUSE AREA, AT & POST DORANDA,RANCHI,JHARKHAND.- 834 002.
Phone 2491678
📍 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 BIHAR STATE MINERAL DEV.CORPN.- DORANDA branch of Union Bank of India, the code UBIN0552895 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 UBIN0552895 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 BIHAR STATE MINERAL DEV.CORPN.- DORANDA

Payment Systems Supported by UBIN0552895

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—834026003—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 DORANDA typically follows the RBI holiday calendar. Digital transfers via UBIN0552895 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 UBIN0552895 is the valid code for BIHAR STATE MINERAL DEV.CORPN.- DORANDA at DORANDA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Branch Context

  • • BIHAR STATE MINERAL DEV.CORPN.- DORANDA Contact
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  • • MICR Code Finder
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Platform Links

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  • • IFSC Finder v2.0

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