Uttarakhand Gramin Bank IFSC Code and MICR Code

Uttarakhand Gramin Bank IFSC Code, MICR Code and SWIFT Code

The RBI (Reserve Bank of India) uses an exclusive code to identify every branch and bank in the country. The code is popularly known as IFSC (Indian Financial System Code) and is essential to initiate online financial transactions. For example, Uttarakhand Gramin Bank IFSC code is necessary to send money to accounts in that bank.

Banks have other unique identification codes apart from the IFSC code, such as MICR and branch code. Each code serves a different purpose and has a vital role in facilitating transactions between accounts. 

In this article, we’ll read more about the bank codes, know what they mean, the purpose they serve, and how you can easily transfer money online to accounts in Uttarakhand Gramin Bank using NEFT, RTGS, and IMPS.  

Uttarakhand Gramin Bank IFSC Code

The Indian Financial System Code contains eleven characters and is a combination of alphabets and numerical. The code follows a standard format for all banks and their branches. The first four characters are alphabets and denote the bank code. The alphabets are followed by a zero (0) and continued by digits representing the branch code. 

However, the IFSC codes of some branches don’t have digits except zeros. This happens when a national bank sponsors a rural bank or when two or more banks have been amalgamated to form another bank. 

For Instance, let’s take the Uttarakhand Gramin Bank Basoli Branch IFSC code is SBIN0RRUTGB. Here we can notice that the IFSC code has only zero and ten alphabets. That’s because the Uttarakhand Gramin Bank is sponsored by SBI (State Bank of India). 

The first four alphabets, SBIN, represent the State Bank of India. These are followed by the mandatory zero (0). The digits representing the branch code are also alphabets, RRUTGB, and denote the branch code of Uttarakhand Gramin Bank in Rishikesh, Dehradun. Now that we know the IFSC code of UGB let’s learn more about why we need the IFSC code and how it has to be used when sending money through online banking. 

Online payments made through NEFT, RTGS, and IMPS require the IFSC code of the person you want to send the money to. The IFSC code is used to connect the account number to the right branch of the bank. This ensures that the money will reach the person it is intended for. 

That said, entering the correct IFSC code is important to complete the transaction successfully. Make sure to find the IFSC code of the receiver’s bank before making the payment. The wrong code will result in an unsuccessful transaction. You need to wait for the bank to credit the debited amount back to the account. 

Uttarakhand Gramin Bank MICR Code

Magnetic Ink Character Recognition is known as MICR code. It is another unique identification code and is used to easily identify and verify the cheques of a bank’s branch. The MICR code speeds up the process of clearing a cheque and depositing money in the receiver’s account through ECS (Electronic Clearing System). 

The MICR code has nine digits. It is divided into three parts: 

• The first three digits are the code of the city
• The next three digits denote the bank code
• The last three digits stand for the branch code

The MICR code is located on the bottom part of a cheque and on the cheque book. You can also get the MICR code on the first page of the passbook. But unlike IFSC code, MICR code is mandatory for all banks. Some rural banks don’t have MICR codes. 

Luckily, the Rishikesh branch of Uttarakhand Gramin Bank has a MICR code of 249544104. Here, 249 represents the city code, 544 is the bank code, and 104 is the branch code. The MICR code verifies that the cheque presented is an authentic financial instrument. 

How to Find the IFSC Code & MICR Code of Uttarakhand Gramin Bank?

You now understand the purpose of IFSC and MICR codes. It’s time to know how to find these codes to facilitate an online transaction. How else will you wire money to the other person? You need to know the IFSC code of your bank to share with those who need to pay you. 

The easiest way to find Uttarakhand Gramin Bank IFSC code is through the Find Your Bank website.

• You’ll notice a form on the homepage. Select the details using the drop-down list to find the IFSC and MICR codes of any bank’s branch. 
• Select the bank name in the first box using the drop-down menu. Here you need to search for Uttarakhand Gramin Bank.
• Next, choose the state where the bank is located. Choose ‘Uttarakhand.’ 
• Now select the district where the branch is located. You need to enter ‘Dehradun’ in this box. 
• Finally, select the branch location to get the IFSC and MICR codes. We want the codes for Uttarakhand Gramin Bank in Rishikesh. 
• The list of codes, along with the bank’s name, address (with pin code), email id, and phone number, will be shown on the screen. 

You can download the Find Your Bank app on your phone and directly use it to find the IFSC and MICR codes for any bank in India. You will need an internet connection to use the app. Go to the Play Store to download the app on your phone. 

Uttarakhand Gramin Bank Cheque Book

The chequebook of the account holder also has the Uttarakhand Gramin Bank IFSC code and MICR code printed on it. In fact, you can find both the codes on every cheque. The IFSC code is at the top, and the MICR code is at the bottom. 

Uttarakhand Gramin Bank Online Platforms

Online portals like the bank’s website and mobile app also have the IFSC and MICR codes. Using the Branch Locator option, you can find the codes on the Uttarakhand Gramin Bank website. Select the state, district, and city of the bank to get the required details. The bank has a UGB mobile app that all account holders can download. 

Call the Branch

If you can’t still find the information or don’t have the time to search for it, call the branch and ask them to share the details. You don’t need to have an account in the branch to ask for the IFSC code. 

How to Transfer Money through NEFT, RTGS & IMPS?

We need to know the IFSC code of a bank for online payments. You have to share the code with the sender for wire transfer and credit money to your account. Let’s see the ways to transfer money online without visiting the bank. 

NEFT (National Electronic Funds Transfer)

NEFT is the most popular method used to transfer money online to and from any bank account. NEFT is used by individuals and corporations alike. You need to avail of the internet banking facility to send money via NEFT and RTGS.  The following details are necessary to successfully complete an NEFT transaction with Uttarakhand Gramin Bank.

• Beneficiary name
• Branch name of the beneficiary’s account 
• The IFSC code of the branch 
• The type of the account (savings, current, etc.)
• The account number 
• The amount you want to transfer to the beneficiary 

UGB settles NEFT payments on an hourly basis. The transactions are cleared from 8 AM to 7 PM on Monday to Saturday, though you can initiate the transaction anytime. There will be a transaction fee to make NEFT payments. 

NEFT payments can be made through the bank’s website and mobile app. You can also visit the bank personally to fill the form and ask for an electronic money transfer on your behalf. 

RTGS (Real Time Gross Settlement)

RTGS is used to transfer amounts of more than Rs. 2 lacs at once. The money is sent in real-time, as the name suggests. There is no need to wait for the bank to clear the payments and remittances. The money will be sent immediately to the beneficiary. 

An RTGS transaction cannot be canceled after the money is sent. You need to provide the same information as required for NEFT to make RTGS payments. 

IMPS (Immediate Payment Service)

IMPS is an instant money transfer that happens in real-time and has an upper limit of Rs. 25,000/-. Money can be sent 24*7 using IMPS. You can use the UGB mobile app to make IMPS payments to any bank account. You need the Uttarakhand Gramin Bank IFSC code for IMPS as well. Make sure you have the following information: 

• Beneficiary’s name 
• Beneficiary’s MMID (for a person to person transfer)
• The IFSC code of the branch (for a person to account transfer)
• Beneficiary’s mobile number 
• Beneficiary’s account number

Uttarakhand Gramin Bank also has an Aadhar Enabled Payment System (AEPS), a service offered by the National Payment Corporation of India. The system enables payments through Aadhar authentication. Kiosks are placed in the branch offices for customers to make AEPS payments. 

About Uttarakhand Gramin Bank

Uttarakhand Gramin Bank was formed on 1st November 2012 after two erstwhile banks, Uttaranchal Gramin Bank, Dehradun (Sponsored by SBI) & Nainital Almora Kshetriya Gramin Bank, Haldwani (Sponsored by Bank of Baroda) were amalgamated. UGB is sponsored by SBI (State Bank of India) and was established as per the RRBs Act 1976. 

The central government has 50% share capital, followed by SBI with 35% share capital, and the state government has 15% in Uttarakhand Gramin Bank. UGB is the second largest bank in India in terms of network and branches. 

Uttarakhand Gramin Bank has 286 branches in all thirteen districts of the state. Out of 286 branches, 216 of them are in rural areas, 41 in semi-urban areas, and the remaining 29 in urban areas. The total share capital of the bank is Rs. 4214.87 lacs as of 31st March 2021. 

FAQs

1) How can I block my Uttarakhand Gramin ATM card?

The best way to block your Uttarakhand Gramin ATM card is by calling the toll-free number provided by the bank. Call 1800-3000-0620 or 08106573542 and provide the customer service agent with the necessary information. They will block the ATM card on your behalf. Make sure to call them immediately after you notice that the ATM card is missing. You can also email the bank at [email protected] or call 0135-2710660/ 661/ 552. 

2) How can I register my mobile number in the Uttarakhand Gramin Bank?

You can register/ update your mobile number with Uttarakhand Gramin Bank through the following steps: 

• Visit the branch where you have an account
• Carry a valid ID and address proof and its photocopy
• Ask for the KYC form and fill in the details 
• Submit the form with the necessary photocopies
• Get an acknowledgment for the same
• Wait while they register and update your number
• You’ll get an SMS/ email confirming the same 

3) Is Uttarakhand Gramin Bank part of SBI?

Uttarakhand Gramin Bank is sponsored by SBI under the RRBs Act of 1976. SBI has 35% share capital in UGB while the central government has 50% and the state government has 15% share capital. 

4) How to check my Uttarakhand Gramin balance?

A simple way to check your account balance is by giving a missed call on 9212005002 from your registered mobile number. The details will be sent to your phone as an SMS. You can also download the UGB mobile app for the same.