Question 1

What is the IFSC code UBIN0542008?

Accepted Answer

IFSC UBIN0542008 is the 11-character Indian Financial System Code assigned by the Reserve Bank of India to the Parasia branch of Union Bank Of India in Chhindwara, Madhya Pradesh. Use this code for NEFT, RTGS, IMPS, UPI transfers to this branch.

Question 2

Which bank and branch uses IFSC UBIN0542008?

Accepted Answer

IFSC UBIN0542008 belongs to Union Bank Of India, Parasia branch located in Chhindwara, Madhya Pradesh. The first four characters identify the bank and the last six characters identify the specific branch.

Question 3

Can I use IFSC UBIN0542008 for NEFT, RTGS, and IMPS transfers?

Accepted Answer

IFSC UBIN0542008 supports NEFT, RTGS, IMPS, UPI. You can use it for both small (NEFT) and high-value (RTGS) transfers, plus real-time IMPS and UPI payments. RTGS is typically used for transfers of ₹2,00,000 and above.

Question 4

How do I find the MICR code for the Parasia branch?

Accepted Answer

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed at the bottom of cheques using magnetic ink. The MICR for the Parasia branch is not currently listed in the RBI IFSC master — please check your cheque book or passbook.

Question 5

Is IFSC UBIN0542008 different from other Union Bank Of India branches?

Accepted Answer

Yes. While the first four characters of an IFSC identify the bank (here, the bank code for Union Bank Of India), the last six characters uniquely identify the Parasia branch. Every Union Bank Of India branch in Chhindwara and across India has a different IFSC.

UBIN0542008

Branch Details

How to Use This IFSC Code

NEFT (National Electronic Funds Transfer)

RTGS (Real-Time Gross Settlement)

IMPS (Immediate Payment Service)

UPI

Banks in Chhindwara

Banking Products at Union Bank Of India

Frequently Asked Questions