Union Bank of India Swift Code: Everything You Need to Know

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Union Bank of India Swift Code is a crucial piece of information for international transactions.

The Swift code is a unique identifier assigned to the bank, and it helps facilitate secure and efficient cross-border transactions.

Union Bank of India's Swift code is UBININBBXXX, which is used to identify the bank for international transactions.

This code is a combination of letters and numbers that provides a unique identifier for the bank.

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What is Union Bank of India Swift Code?

The Union Bank of India Swift Code is a unique identifier used for international wire transfers and other financial transactions. It's a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO).

The Swift Code is 8 or 11 characters long, with a specific structure that includes the institution code, country code, location code, and branch code.

The institution code is 4 letters long, in this case, UBIN, which identifies the Union Bank of India. The country code is 2 letters long, IN, which represents India.

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The location code is 2 letters or digits long, BB, which could indicate a specific location or branch within the Union Bank of India.

The branch code is 3 letters or digits long, VIS, which identifies a specific branch of the Union Bank of India.

Here's a breakdown of the Swift Code structure:

  • Institution Code: UBIN
  • Country Code: IN
  • Location Code: BB
  • Branch Code: VIS

If you're sending or receiving money internationally between banks, particularly international wire transfers or SEPA payments, you may be asked for a Swift code.

Alternative Swift Codes

If you're looking to send money overseas, it's essential to double-check the SWIFT code with the recipient to ensure you have the right one. Often, financial institutions like UNION BANK OF INDIA have several different SWIFT codes representing different branches.

One thing to keep in mind is that SWIFT codes can sometimes be found on account statements, so it's worth checking there too. Always double-check with the recipient before sending money that you have the right SWIFT code.

Union Bank of India Swift Code Details

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Union Bank of India has several SWIFT codes representing different branches, so it's essential to double-check with the recipient before sending money to ensure you have the right code.

SWIFT codes for Union Bank of India can be used for transferring money overseas and are provided by the International Organization for Standardization (ISO).

The SWIFT Code of Union Bank of India in India identifies the bank's branches that participate in overseas fund transfers.

SWIFT codes are used for transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks.

To transfer funds to international banks, you'll need the SWIFT Code for Union Bank of India, which is unique for each branch.

The SWIFT Code for Union Bank of India is a standard form of Business Identifier Codes (BIC) that serves as a unique code for message exchange needs and sending money between banks.

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Union Bank of India's SWIFT Code is used to transfer funds to international banks and provides the broadest coverage of national bank identifiers.

SWIFT codes can sometimes be found on account statements, and they're required for overseas funds transfers.

Union Bank of India's SWIFT Code is identifying the bank's country branches, making it a crucial piece of information for international transactions.

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Swift Code for India

India has its own set of SWIFT codes, which are used for international wire transfers and message exchange between banks.

These codes are provided by the International Organization for Standardization (ISO) and are unique to each branch of a bank.

SWIFT codes can be found on account statements, and they're required for overseas funds transfers.

In India, the SWIFT code for UNION BANK OF INDIA is used to transfer funds to international banks.

The SWIFT code is a standard form of Business Identifier Codes (BIC) that every bank uses for message exchange and sending money.

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A branch code is a part of the SWIFT code that identifies a specific branch of a bank.

SWIFT codes are used to identify UNION BANK OF INDIA country branches, and each branch has its own unique SWIFT code.

SWIFT codes can sometimes be found on account statements, making it easier to find the right code for international transactions.

The broadest coverage of national bank identifiers is provided by SWIFT codes, which makes them a crucial tool for international banking.

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Understanding Swift Codes

A SWIFT code is a unique identifier for a bank or financial institution, also known as a BIC code. It's used to move money around the world via international bank transfers.

SWIFT codes are used to specify a particular bank or branch, and they're particularly useful for international wire transfers. They're also used for exchanging messages between banks.

A SWIFT code typically consists of 8 or 11 characters, with the first 4 characters being the bank code, followed by the ISO 3166-1 alpha-2 country code, the location code, and the branch code.

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Here's a breakdown of the different parts of a SWIFT code:

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

If you're sending or receiving money internationally between banks, you may be asked for a SWIFT code. This is especially true for international wire transfers or SEPA payments.

In some cases, an 8-digit code may refer to the primary office, while an 11-digit code refers to a specific branch.

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Frequently Asked Questions

How can I find my SWIFT code in Union bank?

Find your Union Bank SWIFT code on your statements, online banking, or use our finder tool for quick access

Is the SWIFT code the same for all branches?

The SWIFT code is not always the same for all branches, as it can vary by bank and even by branch. Typically, you can use the bank's head office SWIFT code as a safe alternative.

Are IFSC and SWIFT code the same?

No, IFSC and SWIFT codes serve different purposes. While SWIFT codes verify international bank authenticity, IFSC codes identify banks within India.

Johnnie Parisian

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Here is a 100-word author bio for Johnnie Parisian: Johnnie Parisian is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for simplifying complex topics, Johnnie has established herself as a trusted voice in the world of personal finance. Her expertise spans a range of topics, including home equity loans and mortgage debt consolidation strategies.

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