UTIB0005887 IFSC Code, AXIS BANK, OLD ALWAL

IFSC Code of Axis Bank, Old Alwal, Telangana IFSC CODE & MICR CODE

AXIS BANK, OLD ALWAL - UTIB0005887

  • Bank name: AXIS BANK

Bank Address: Ground Floor, Door No 8 59 1, Dammaiguda Cross Road, Dammaiguda, Hyderabad 500083

  • IFSC Code utib0005887
  • Bank Code UTIB
  • Bank name AXIS BANK
  • Bank contact number +919908155403
  • Bank branch OLD ALWAL
  • Bank ISO3166 Code IN-TG
  • Bank Center HYDERABAD
  • MICR Code 500211126
  • State name TELANGANA
  • District name HYDERABAD
  • City name MEDCHAL-MALKAJGIRI
  • 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, OLD ALWAL branch is UTIB0005887, ensures that your transactions are directed to the correct branch.

How to Use UTIB0005887 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 OLD ALWAL 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.