City Union Bank Limited IFSC Code

The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code which is necessary while transferring funds between bank accounts in India. The code is unique to each bank branch participating in Indias three main payment and settlement systems: Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and Immediate Payment Service (IMPS).

The IFSC code is made of 11-characters; The first four are alphabetic characters representing the bank name, and the last six characters (usually numeric, sometimes alphabetic) represent the branch. The fifth character is 0 (zero) and is currently reserved for future use. Bank IFSC Code allows the NEFT & RTGS systems to direct the messages to the destination banks/branches. A normal format of the IFSC Code looks like this

IFSC is issued by the Reserve Bank of India to all the banks and respective branches. It is an important factor required to transfer money from your bank account to another bank account. You can transfer money to another bank using NEFT, IMPS or RTGS. All these 3 methods require the IFSC code of the recipient’s bank account so that the money is transferred to the correct account number in the correct branch.

IFSC code gained importance with the introduction of Internet Banking. Previously, MICR code, printed on cheques or demand drafts was used to identify the correct bank branch where the amount needs to be credited. With internet money transfers gaining traction, IFSC code became prominent in the digital banking system for convenient money transfers.

City Union Bank Limited (CUB) is an Indian bank with its headquarters in Kumbakonam, Tamil Nadu. CUB offers a number of financial & banking services, including net banking, mobile banking, self-service kiosks, and sales points. The bank provides a wide variety of savings and investment options to suit consumer demands from many different walks of life. It also provides various credit options for the financial needs of both small and large consumers. As per latest records, the bank has 700 branches and 1762 ATMs with a gross market capitalisation of Rs.1.5 lakh crores in FY2016 (USD 1.8 billion).

CreditMantri helps you find the IFSC Code of any bank branch in a jiffy! It has many other information pertaining to any bank for your perusal. When you login to CreditMantri, you get a one-stop solution for all your banking queries.

Here are the steps to find the IFSC Code of CUB Bank Branches: 

• Login to CreditMantri home page
• From the top Menu bar, tap on ‘Community’ and choose ‘Resources’.
• On this page, select ‘IFSC and MICR Codes Directory’
• It lists all the banks with their names and logo. You can select CUB from this list.
• You can also use the search bar on the top to find your bank quickly. You can select the bank name, state, district and branch in one shot to pull up the details.

It shows all the important details pertaining to the bank for your convenience.

City Union Bank has branches all over India. It allows its customers to use internet banking facilities to transfer funds to other bank accounts through NEFT, IMPS & RTGS. Using an IFSC code has many advantages:

• It helps to transfer money to the right account in the right branch. IFSC code is unique to every bank and every branch. Hence, it
• Enables faster and easier money transfers between bank accounts
• Removes the possibility of any fraud while using the IFSC Code
• The IFSC Code facilitates a direct transfer between the sender and the recipient. When an internet transaction is initiated, a notification or an e-mail from both sides is received from the involved banks, whether it is the credit or debit transaction.
• Facilitates banks to validate the settlement process 
• Fosters paperless cash transfers. Now you will benefit from an electronic, paperless bank transfer with the aid of IFSC. It aims to make banking eco-friendly. Business transactions, due to IFSC codes, have become simple, fast and paperless.

The IFSC Code of all CUB Branches is available on the CUB Website. Here are the steps to find the IFSC Code you are looking for:

• Visit the CUB Official Page
• On the right hand side of the page, you have the quick access menu. 
• On that menu, select ATMs/Branches. 
• On the page, select the State. 
• It will display all the branches for the selected state. 
• You have a ‘Search’ field to filter your search using State, ATM, City, Branch or Pin code.
• The displayed branch details will include the IFSC Code of the branch too.

Money transfers through Netbanking is very simple. You just need the recipients account number and branch to initiate a fund transfer.

• Login to your Netbanking account. 
• Choose Fund Transfers and go to the Add Payee option. 
• To add a payee, you need to input the recipient’s name (as on the account), correct account number and the branch IFSC Code.
• You can find the branch IFSC Code on the bank website or on CreditMantri. 
• Once you have added the payee, you can transfer funds to them via NEFT, IMPS or RTGS instantly.

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