UTIB0003242 IFSC Code, AXIS BANK, MAHAL

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

AXIS BANK, MAHAL - UTIB0003242

  • Bank name: AXIS BANK

Bank Address: Ground Floor Plot No 90 Ruikar Road Mahal Nagpur Pin 440032

  • IFSC Code utib0003242
  • Bank Code UTIB
  • Bank name AXIS BANK
  • Bank contact number +919923591942
  • Bank branch MAHAL
  • Bank ISO3166 Code IN-MH
  • Bank Center NAGPUR
  • MICR Code 440211018
  • State name MAHARASHTRA
  • District name NAGPUR
  • City name NAGPUR
  • 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, MAHAL branch is UTIB0003242, ensures that your transactions are directed to the correct branch.

How to Use UTIB0003242 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 MAHAL 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.