This page lists the IFSC code, branch address, contact number and fund-transfer information for Unity Small finance Bank Limited, PARASI branch in PARASI. The 11-digit IFSC UNBA0001005 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 Unity Small finance Bank Limited at the PARASI 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 Unity Small finance Bank Limited – PARASI is UNBA0001005. The first four letters UNBA are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001005 map to this branch in PARASI, BIHAR.
Branch details at a glance
| Bank Name | Unity Small finance Bank Limited |
|---|---|
| Branch | Parasi |
| IFSC Code | UNBA0001005 |
| MICR Code | Refer to cheque leaf |
| Branch Address | S/O HAJI INSAN ALI,PALASI,WARD-4,ARARIA,CHAKRDHA,TALUKA-CHAKRDHA,DISTRICT-ARARIA,BIHAR-854318 |
| City | Parasi |
| District | Araria |
| State | Bihar |
| STD Code | 6453 |
| Phone | 7079169623 |
About Unity Small finance Bank Limited
Unity Small finance Bank Limited operates a wide network of branches across India, including the Parasi branch in Parasi. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, UNBA0001005.
Parasi branch overview
Located at S/O HAJI INSAN ALI,PALASI,WARD-4,ARARIA,CHAKRDHA,TALUKA-CHAKRDHA,DISTRICT-ARARIA,BIHAR-854318, the Parasi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UNBA0001005 is required for all interbank electronic transfers routed through this branch.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Unity Small finance Bank Limited's PARASI branch came to be assigned the code UNBA0001005.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC UNBA0001005, money simply cannot be routed to the PARASI branch electronically.
How to transfer money using IFSC UNBA0001005
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 UNBA0001005 across all three.
How to use IFSC UNBA0001005 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Unity Small finance Bank Limited's PARASI 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC UNBA0001005.
- Confirm the bank name auto-populates as Unity Small finance Bank Limited and the branch as PARASI.
- 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 PARASI
If you need to transfer ₹2 lakh or more in one go to an account at Unity Small finance Bank Limited's PARASI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UNBA0001005 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Unity Small finance Bank Limited – PARASI, use IMPS. With IFSC UNBA0001005 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UNBA0001005 for Unity Small finance Bank Limited – PARASI, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – UNBA0001005 | Yes – UNBA0001005 | Yes – UNBA0001005 |
For most retail customers crediting the Parasi 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.
UPI payments and IFSC UNBA0001005
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 Unity Small finance Bank Limited – PARASI is still mapped to IFSC UNBA0001005. 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 UNBA0001005 and the beneficiary's account number to complete the transfer.
Account types you can open at the Parasi branch
Once you have an account at Unity Small finance Bank Limited – PARASI, the IFSC UNBA0001005 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.
Banking services available
The Parasi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 6453-7079169623.
- 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 UNBA0001005
MICR & cheque-truncation details
Cheques drawn on the Parasi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UNBA0001005 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Online banking and IFSC UNBA0001005
Unity Small finance Bank Limited customers can register for net banking and the bank's official mobile app once their account at the PARASI 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 UNBA0001005 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.
Common mistakes to avoid when using IFSC UNBA0001005
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Unity Small finance Bank Limited – PARASI, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
UNBA0001005. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Parasi branch
The branch is located at S/O HAJI INSAN ALI,PALASI,WARD-4,ARARIA,CHAKRDHA,TALUKA-CHAKRDHA,DISTRICT-ARARIA,BIHAR-854318, which puts it inside Parasi, the broader Araria district, and the state of Bihar. To plan your visit:
- Open Google Maps on your phone and search for “Unity Small finance Bank Limited Parasi branch” — the verified location pin for IFSC UNBA0001005 should appear at the top of the results.
- Confirm the branch is open by calling 6453-7079169623 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC UNBA0001005 and your account number.
Verifying IFSC UNBA0001005 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 UNBA0001005 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 6453-7079169623.
- 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 Parasi branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UNBA0001005, however, work 24x7.
Branch address & contact
Unity Small finance Bank LimitedParasi Branch
S/O HAJI INSAN ALI,PALASI,WARD-4,ARARIA,CHAKRDHA,TALUKA-CHAKRDHA,DISTRICT-ARARIA,BIHAR-854318
Parasi, Bihar
Phone: 6453-7079169623
IFSC: UNBA0001005
Frequently asked questions
How quickly will an NEFT transfer using UNBA0001005 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Unity Small finance Bank Limited – Parasi reflect within 30 minutes.
How do I add Unity Small finance Bank Limited Parasi as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UNBA0001005, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Unity Small finance Bank Limited Parasi branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 6453-7079169623 to confirm.
Is IFSC UNBA0001005 the same for all accounts at Parasi branch?
Yes. The IFSC UNBA0001005 is shared by every account held at Unity Small finance Bank Limited's Parasi branch. Only the account number changes from customer to customer.
Can I use IFSC UNBA0001005 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UNBA0001005 to send funds instantly.
Where is Unity Small finance Bank Limited Parasi branch located?
Unity Small finance Bank Limited's Parasi branch is located at S/O HAJI INSAN ALI,PALASI,WARD-4,ARARIA,CHAKRDHA,TALUKA-CHAKRDHA,DISTRICT-ARARIA,BIHAR-854318, Parasi, Bihar.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Parasi branch but serve different purposes.
What is the phone number of Unity Small finance Bank Limited Parasi branch?
You can reach the branch at 6453-7079169623 during regular banking hours.
Summary
The IFSC code UNBA0001005 belongs to Unity Small finance Bank Limited's PARASI branch, located at S/O HAJI INSAN… in PARASI, BIHAR. 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.
