This page lists the IFSC code, branch address, contact number and fund-transfer information for Union Bank of India, INDORE DEVELOPMENT AUTHORITY - INDORE branch in INDORE. The 11-digit IFSC UBIN0552071 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Union Bank of India at the INDORE DEVELOPMENT AUTHORITY - INDORE location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Union Bank of India's INDORE DEVELOPMENT AUTHORITY - INDORE branch, the IFSC UBIN0552071 breaks down as follows: UBIN identifies the bank, 0 is the reserved character, and 552071 identifies this particular branch.
About the bank
Union Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Indore Development Authority - Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code UBIN0552071 for all electronic settlement.
Branch details at a glance
| Bank Name | Union Bank of India |
|---|---|
| Branch | Indore Development Authority - Indore |
| IFSC Code | UBIN0552071 |
| MICR Code | Refer to cheque leaf |
| Branch Address | INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003, MADHYA PRADESH |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
Indore Development Authority - Indore branch overview
Located at INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003, MADHYA PRADESH, the Indore Development Authority - Indore branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UBIN0552071 is required for all interbank electronic transfers routed through this branch.
Why every Union Bank of India branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including INDORE DEVELOPMENT AUTHORITY - INDORE of Union Bank of India — its own 11-character IFSC. The code UBIN0552071 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC UBIN0552071 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Indore Development Authority - Indore branch is mapped to IFSC UBIN0552071 on the RBI payments network. The branch generally supports the full retail product catalogue of Union Bank of India, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains UBIN0552071.
Banking services available
The Indore Development Authority - Indore branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC UBIN0552071
How to transfer money using IFSC UBIN0552071
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UBIN0552071 across all three.
NEFT to Union Bank of India, INDORE DEVELOPMENT AUTHORITY - INDORE using IFSC UBIN0552071
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC UBIN0552071, and confirm that the system picks up Union Bank of India – INDORE DEVELOPMENT AUTHORITY - INDORE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC UBIN0552071
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Union Bank of India – INDORE DEVELOPMENT AUTHORITY - INDORE, ensure your bank's portal accepts IFSC UBIN0552071 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Union Bank of India INDORE DEVELOPMENT AUTHORITY - INDORE (IFSC UBIN0552071)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UBIN0552071 in your mobile or internet banking app, and the money is credited to the INDORE DEVELOPMENT AUTHORITY - INDORE branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Indore Development Authority - Indore
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC UBIN0552071:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at INDORE DEVELOPMENT AUTHORITY - INDORE is still linked to IFSC UBIN0552071.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC UBIN0552071
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Union Bank of India – INDORE DEVELOPMENT AUTHORITY - INDORE is still mapped to IFSC UBIN0552071. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC UBIN0552071 and the beneficiary's account number to complete the transfer.
Online banking and IFSC UBIN0552071
Union Bank of India customers can register for net banking and the bank's official mobile app once their account at the INDORE DEVELOPMENT AUTHORITY - INDORE branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC UBIN0552071 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Indore Development Authority - Indore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UBIN0552071 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Union Bank of India – INDORE DEVELOPMENT AUTHORITY - INDORE:
- The IFSC is exactly UBIN0552071 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Union Bank of India as the bank name and INDORE DEVELOPMENT AUTHORITY - INDORE as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The Indore Development Authority - Indore branch sits at INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003, MADHYA PRADESH. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call the branch contact number to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC UBIN0552071 and your account number.
Verifying IFSC UBIN0552071 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm UBIN0552071 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Indore Development Authority - Indore branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UBIN0552071, however, work 24x7.
Branch address & contact
Union Bank of IndiaIndore Development Authority - Indore Branch
INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003, MADHYA PRADESH
Indore, Madhya Pradesh
Phone: the branch contact number
IFSC: UBIN0552071
Frequently asked questions
Can I use IFSC UBIN0552071 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UBIN0552071 to send funds instantly.
Does Union Bank of India Indore Development Authority - Indore branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
Where is Union Bank of India Indore Development Authority - Indore branch located?
Union Bank of India's Indore Development Authority - Indore branch is located at INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003, MADHYA PRADESH, Indore, Madhya Pradesh.
How quickly will an NEFT transfer using UBIN0552071 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Union Bank of India – Indore Development Authority - Indore reflect within 30 minutes.
What is the IFSC code of Union Bank of India Indore Development Authority - Indore branch?
The IFSC code of Union Bank of India, Indore Development Authority - Indore branch is UBIN0552071. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC UBIN0552071 the same for all accounts at Indore Development Authority - Indore branch?
Yes. The IFSC UBIN0552071 is shared by every account held at Union Bank of India's Indore Development Authority - Indore branch. Only the account number changes from customer to customer.
Summary
The IFSC code UBIN0552071 belongs to Union Bank of India's INDORE DEVELOPMENT AUTHORITY - INDORE branch, located at INDORE DEVELOPMENT AUTHORITY BUILDING7, RACE COURSE ROAD,INDORE - 452 003,… in INDORE, MADHYA PRADESH. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
