IFSC Code of Union Bank of India, Padmakar Nagar - Sagar Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Union Bank of India's PADMAKAR NAGAR - SAGAR branch in SAGAR, MADHYA PRADESH. The branch's IFSC code UBIN0549631 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, UBIN0549631 is the IFSC of Union Bank of India's PADMAKAR NAGAR - SAGAR branch. The format is fixed: UBIN = bank code, 0 = reserved, 549631 = branch identifier.

Bank profile

Union Bank of India is among the recognised banks listed on the Reserve Bank of India's payments network. The Padmakar Nagar - Sagar branch — IFSC UBIN0549631 — extends the bank's services to customers in and around Sagar, Madhya Pradesh.

Branch details at a glance

Padmakar Nagar - Sagar branch overview

Located at 1ST FLOOR, PRINCE MARKET,NEAR MAKRONIA CHAURAHA, DIST. SAGAR,MADHYA PRADESH, PIN - 470 004., the Padmakar Nagar - Sagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UBIN0549631 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 PADMAKAR NAGAR - SAGAR of Union Bank of India — its own 11-character IFSC. The code UBIN0549631 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 UBIN0549631 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 Padmakar Nagar - Sagar branch is mapped to IFSC UBIN0549631 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 UBIN0549631.

Products and services

Customers walking into the Padmakar Nagar - Sagar 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 UBIN0549631

How to transfer money using IFSC UBIN0549631

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 UBIN0549631 across all three.

How to use IFSC UBIN0549631 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Union Bank of India's PADMAKAR NAGAR - SAGAR 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 UBIN0549631.
4. Confirm the bank name auto-populates as Union Bank of India and the branch as PADMAKAR NAGAR - SAGAR.
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 PADMAKAR NAGAR - SAGAR

If you need to transfer ₹2 lakh or more in one go to an account at Union Bank of India's PADMAKAR NAGAR - SAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UBIN0549631 while initiating the transfer and the credit will appear within minutes.

IMPS to Union Bank of India PADMAKAR NAGAR - SAGAR (IFSC UBIN0549631)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UBIN0549631 in your mobile or internet banking app, and the money is credited to the PADMAKAR NAGAR - SAGAR branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Padmakar Nagar - Sagar

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 UBIN0549631:

• 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 PADMAKAR NAGAR - SAGAR is still linked to IFSC UBIN0549631.

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.

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 PADMAKAR NAGAR - SAGAR branch, the IFSC UBIN0549631 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 UBIN0549631

Union Bank of India customers can register for net banking and the bank's official mobile app once their account at the PADMAKAR NAGAR - SAGAR 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 UBIN0549631 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 Padmakar Nagar - Sagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UBIN0549631 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 – PADMAKAR NAGAR - SAGAR:

• The IFSC is exactly UBIN0549631 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 PADMAKAR NAGAR - SAGAR 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 Padmakar Nagar - Sagar branch sits at 1ST FLOOR, PRINCE MARKET,NEAR MAKRONIA CHAURAHA, DIST. SAGAR,MADHYA PRADESH, PIN - 470 004.. If you are travelling from outside Sagar, 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 UBIN0549631 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC UBIN0549631 for Union Bank of India – PADMAKAR NAGAR - SAGAR, 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 Padmakar Nagar - Sagar 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 UBIN0549631 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code UBIN0549631 belongs to Union Bank of India's PADMAKAR NAGAR - SAGAR branch, located at 1ST FLOOR, PRINCE MARKET,NEAR MAKRONIA CHAURAHA, DIST. SAGAR,MADHYA PRADESH,… in SAGAR, 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.