IFSC Code of Union Bank of India, Shanker Nagar - Raipur Branch, Chhatishgarh

This page lists the IFSC code, branch address, contact number and fund-transfer information for Union Bank of India, SHANKER NAGAR - RAIPUR branch in RAIPUR. The 11-digit IFSC UBIN0554090 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 SHANKER NAGAR - RAIPUR 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Union Bank of India – SHANKER NAGAR - RAIPUR is UBIN0554090. The first four letters UBIN are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 554090 map to this branch in RAIPUR, CHHATISHGARH.

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 Shanker Nagar - Raipur branch in Raipur, Chhatishgarh is part of this network and uses the IFSC code UBIN0554090 for all electronic settlement.

Branch details at a glance

Shanker Nagar - Raipur branch overview

Located at PLOT NO. 8-13, FIRST FLOOR, SHAHID VEERNARAYANWARD, NEAR NARROW GAUGE RAILWAY LINE,SHANKER NAGAR, MAIN ROAD, RAIPUR-492 007, the Shanker Nagar - Raipur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UBIN0554090 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 SHANKER NAGAR - RAIPUR of Union Bank of India — its own 11-character IFSC. The code UBIN0554090 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 UBIN0554090 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Shanker Nagar - Raipur branch

Once you have an account at Union Bank of India – SHANKER NAGAR - RAIPUR, the IFSC UBIN0554090 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Shanker Nagar - Raipur branch can access most of Union Bank of India's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC UBIN0554090

How to transfer money using IFSC UBIN0554090

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 UBIN0554090 across all three.

How to use IFSC UBIN0554090 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Union Bank of India's SHANKER NAGAR - RAIPUR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC UBIN0554090.
4. Confirm the bank name auto-populates as Union Bank of India and the branch as SHANKER NAGAR - RAIPUR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to SHANKER NAGAR - RAIPUR

If you need to transfer ₹2 lakh or more in one go to an account at Union Bank of India's SHANKER NAGAR - RAIPUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UBIN0554090 while initiating the transfer and the credit will appear within minutes.

IMPS to Union Bank of India SHANKER NAGAR - RAIPUR (IFSC UBIN0554090)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UBIN0554090 in your mobile or internet banking app, and the money is credited to the SHANKER NAGAR - RAIPUR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC UBIN0554090 for Union Bank of India – SHANKER NAGAR - RAIPUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Shanker Nagar - Raipur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Union Bank of India's SHANKER NAGAR - RAIPUR branch, the IFSC UBIN0554090 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Online banking and IFSC UBIN0554090

Union Bank of India customers can register for net banking and the bank's official mobile app once their account at the SHANKER NAGAR - RAIPUR 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 UBIN0554090 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 code & cheque clearing

Apart from IFSC, every cheque book issued by Union Bank of India carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC UBIN0554090 and the account number together uniquely identify the Shanker Nagar - Raipur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – SHANKER NAGAR - RAIPUR:

• The IFSC is exactly UBIN0554090 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 SHANKER NAGAR - RAIPUR 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 Shanker Nagar - Raipur branch sits at PLOT NO. 8-13, FIRST FLOOR, SHAHID VEERNARAYANWARD, NEAR NARROW GAUGE RAILWAY LINE,SHANKER NAGAR, MAIN ROAD, RAIPUR-492 007. If you are travelling from outside Raipur, search for the branch on a maps application using the bank name and locality, or call 0 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 UBIN0554090 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC UBIN0554090 for Union Bank of India – SHANKER NAGAR - RAIPUR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Shanker Nagar - Raipur are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UBIN0554090 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: UBIN0554090 is the IFSC code of Union Bank of India, SHANKER NAGAR - RAIPUR branch, in RAIPUR, CHHATISHGARH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.