The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Nikol branch in Ahmadabad, Ahmedabad, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in Ahmadabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code UTIB0003116. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Nikol, Ahmadabad
The table below shows the main details of the IFSC Code UTIB0003116 for the Axis Bank branch in Ahmadabad, which falls under the Ahmedabad district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003116 |
| Branch | Nikol |
| City | Ahmadabad |
| District | Ahmedabad |
| State | Gujarat |
| Address | Gr Fl Sh No 20 21 And 22 Silver Square Vrundavan Party Pl Rd Nikol Ahmedabad Gujarat Pin 382350 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Ahmadabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003116 for the Nikol branch of Axis Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0003116 is given to every bank branch, including Axis Bank located in Nikol, Ahmadabad, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Ahmadabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Ahmadabad and Ahmedabad.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Nikol doesn't end up at another location.
Format of the IFSC Code UTIB0003116
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Nikol in Ahmadabad.
For example, the IFSC Code UTIB0003116 of Axis Bank for the Nikol branch includes these elements, identifying the bank and the branch location in Ahmadabad and Gujarat accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003116 of Axis Bank for its Nikol branch located in Ahmadabad, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Ahmadabad and Ahmedabad, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Nikol or Ahmadabad to get the exact IFSC Code UTIB0003116.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Axis Bank and Ahmadabad, you'll get the correct details.
How to Use IFSC Code UTIB0003116 for Online Transfers?
Once you have the IFSC Code UTIB0003116 for the Nikol branch of Axis Bank in Ahmadabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0003116. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Axis Bank IFSC Code UTIB0003116.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Nikol in Ahmadabad, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Axis Bank in Nikol, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Ahmadabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003116.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gr Fl Sh No 20 21 And 22 Silver Square Vrundavan Party Pl Rd Nikol Ahmedabad Gujarat Pin 382350 located in Ahmadabad, Ahmedabad, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
