UTIB0002616 IFSC Code, AXIS BANK, KODAD

IFSC Code of Axis Bank, Kodad, Andhra Pradesh IFSC CODE & MICR CODE

AXIS BANK, KODAD - UTIB0002616

  • Bank name: AXIS BANK

Bank Address: Hno 4 113 10 Bharat Reddy Complex Nh 9 Main Road Kodad 508206

  • IFSC Code utib0002616
  • Bank Code UTIB
  • Bank name AXIS BANK
  • Bank contact number +918683250881
  • Bank branch KODAD
  • Bank ISO3166 Code IN-AP
  • Bank Center NALGONDA
  • MICR Code 508211302
  • State name ANDHRA PRADESH
  • District name NALGONDA
  • City name KODAD
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for AXIS BANK, KODAD branch is UTIB0002616, ensures that your transactions are directed to the correct branch.

How to Use UTIB0002616 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the KODAD branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.