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Union Bank of India · Indore

UBIN0552071: Union Bank of India, Indore Development Authority - Indore

IFSC code UBIN0552071 belongs to the Indore Development Authority - Indore branch of Union Bank of India in Indore, Madhya Pradesh. Its MICR code is 452026009.

IFSC
UBIN0552071
MICR
452026009
Bank
Union Bank of India
Branch
Indore Development Authority - Indore
District
Indore
State
Madhya Pradesh

Branch address

Union Bank of India
Indore Development Authority Building7, Race Course Road,Indore - 452 003, Madhya Pradesh

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

UBIN is Union Bank of India's bank code, the fifth character 0 is kept for future use, and 552071 is the code of the Indore Development Authority - Indore branch. In the MICR code 452026009, 452 is the city, 026 the bank and 009 the branch.

Other Union Bank of India branches in Indore

All 40 Union Bank of India branches in Indore

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

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Common questions.

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  1. The IFSC of Union Bank of India's Indore Development Authority - Indore branch (Indore, Madhya Pradesh) is UBIN0552071.

  2. 452026009. MICR is printed at the bottom of the branch's cheques.

  3. Indore Development Authority Building7, Race Course Road,Indore - 452 003, Madhya Pradesh

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC UBIN0552071 with the beneficiary's account number.

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