UTIB0002631 IFSC Code, AXIS BANK, BASMATH

IFSC Code of Axis Bank, Basmath, Maharashtra IFSC CODE & MICR CODE

AXIS BANK, BASMATH - UTIB0002631

  • Bank name: AXIS BANK

Bank Address: Ground Floor Mama Chowk Main Road Basmath Hingoli Maharashtra Pin 431512

  • IFSC Code utib0002631
  • Bank Code UTIB
  • Bank name AXIS BANK
  • Bank contact number +919423135734
  • Bank branch BASMATH
  • Bank ISO3166 Code IN-MH
  • Bank Center HINGOLI
  • MICR Code 431211501
  • State name MAHARASHTRA
  • District name HINGOLI
  • City name BASMATH
  • 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, BASMATH branch is UTIB0002631, ensures that your transactions are directed to the correct branch.

How to Use UTIB0002631 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 BASMATH 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.