What is an IFSC Code, And Why Does It Matter?

IFSC code

To create a healthy and balanced economy, it’s important to have a financial system in place that helps in the mobility of funds. Financial systems play an important role in pooling funds from people who are willing to save and hand it over to people who are willing to explore lucrative investment options. Learn more about ways to conduct an IFSC code search

RBI, or the Reserve Bank of India, is a well-defined Govt. body that ensures the hard-earned savings of individuals can only be accessed by productive investors. RBI is the regulator of financial business entities present in the Indian economy. The task of financial regulation is carried out with the help of the IFSC code. An IFSC code allows RBI to monitor banking transactions carried out via CFMS, IMPS, NEFT, and RTGS without any potholes. 

Know more about an IFSC code

The term ‘Indian Financial System Code or IFSC Code is coined by the Reserve Bank Of India RBI. It is an identification code allocated by the RBI to the branches of each bank operating within India. The codes allocated to each branch are unique. 

The unique IFSC codes of bank branches include up to eleven alpha-numeric characters that indicate their participation in the NEFT and RTGS systems. The Bank IFSC code helps in the identification of transaction data used by payment system applications like National Electronic Funds Transfer, Real Time Gross Settlement, or even Centralized Funds Management System. 

How to conduct an IFSC code search to access the details of a relevant bank branch?

If you hold a savings account within a certain bank branch, you can get the details of the IFSC code from your monthly statement and passbook. People who are willing to transfer funds from one account to another account can opt for net banking facilities. In this case, it will be mandatory to enter the accurate IFSC code of your bank. Transfer of funds via electronic modes such as net banking will require you to gather the bank IFSC code of the beneficiary’s bank and enter it in the related field. 

It’s important to note down the IFSC code of your bank branch after conducting an in-depth IFSC code search. It is highly recommendable for you to visit the official website of your bank. Post that, browse through the section of ‘locate branch’. You’ll come across the links related to different commercial banks that operate in India. It will ease out your task of discovering an IFSC code of a particular bank. 

Are you a Union bank account holder? Or do you want to harness the online fund transfer facilities offered by Union Bank? If yes, a Union bank IFSC code can work as a key for facilitating transactions. 

A quick IFSC code search will help you find the IFSC code of your Union bank’s branch. You can follow the following steps:

  •  Visit the official website of the Union Bank of India. 
  • Click on the page’s right-hand side to access the quick menu.
  • Under the ‘locate’ menu, you can click on the branch name.
  • Search for a particular branch by entering the name of the state, branch, or city.
  • Click on your bank’s branch name, and you’ll come across details like branch address, IFSC code, contact details, email address, and so on.


You can find the details of the Union Bank IFSC code on the passbook or chequebook of your Union bank. The first page of your passbook consists of valuable details like branch address, IFSC code, phone number, and so on. If you want to learn about the IFSC code of other branches, you can browse through several websites on the internet.

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Ashish jha

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