Which bank does MICR code 586026503 belong to?

MICR code 586026503 belongs to Union Bank of India, Sindagi branch, located at Sindagi Bijapur Karnataka 586128, Bijapur, Karnataka. The corresponding IFSC code is UBIN0557552.

What is the IFSC code for MICR 586026503?

The IFSC code for Union Bank of India Sindagi branch (MICR: 586026503) is UBIN0557552. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (586) represent the city/clearing centre, the next 3 digits (026) identify the bank, and the last 3 digits (503) identify the specific branch. For 586026503, the city code is 586, bank code is 026, and branch code is 503.

Union Bank of India Sindagi (UBI)

Sindagi · Bijapur, Karnataka

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586026503

586026503 is the MICR code for the Sindagi branch of Union Bank of India, located in Bijapur, Karnataka. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code UBIN0557552.

Bank

Union Bank of India

Branch & Address

Sindagi

Sindagi Bijapur Karnataka 586128

Bijapur, Sindgi, Karnataka

Contact

221086

Codes for this Branch

MICR (cheques)

586026503

IFSC (online transfers)

UBIN0557552

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MICR Code Structure

586

City

026

Bank

503

Branch

City code 586 identifies the RBI clearing centre, bank code 026 identifies Union Bank of India, and branch code 503 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other Union Bank of India (UBI) branches near Bijapur

Bhopalpatnam Bijapur, Chhattisgarh UBIN0577928 Bijapur Bijapur, Karnataka UBIN0900613 Bijapur Bijapur, Karnataka UBIN0812366 Bijapur Bijapur, Chhattisgarh UBIN0565521 Bijapur Main Bijapur, Karnataka UBIN0533190 Cannanore Bijapur, Kerala UBIN0536172

Other banks in Bijapur, Karnataka

Axis Bank 15 branches Bandhan Bank 3 branches Bank of Baroda 14 branches Bank of India 5 branches Canara Bank 55 branches Central Bank of India 3 branches Chhattisgarh Rajya Gramin Bank 6 branches DCB Bank 1 branch

About MICR Codes

What is a MICR code used for?

MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.

MICR vs IFSC — when do I use which?

Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (UBIN0557552) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.

Where is the MICR code on a cheque?

The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 586026503 is in the middle, and your account number is on the right.

View full branch details for IFSC UBIN0557552