There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Cidco, Aurangabad branch in Aurangabad, Aurangabad, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Axis Bank situated in Aurangabad or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0000750. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Cidco, Aurangabad, Aurangabad

Below in the table are the key details related to IFSC Code UTIB0000750 of Axis Bank for its branch located in Aurangabad, within the district of Aurangabad in the state of Maharashtra.

Particulars Details
Bank Axis Bank
IFSC Code UTIB0000750
Branch Cidco, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Address Ghai Chambers, Plot No. 20 Cidco, Town Centre Jalna Road, Aurangabad 431003 Maharashtra

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0000750 for the Cidco, Aurangabad branch of Axis Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Cidco, Aurangabad, Aurangabad, Maharashtra, are allotted a unique IFSC like UTIB0000750 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Aurangabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Aurangabad and Aurangabad.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Axis Bank in Cidco, Aurangabad reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code UTIB0000750

This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Cidco, Aurangabad in Aurangabad.

For example, the IFSC Code UTIB0000750 of Axis Bank for the Cidco, Aurangabad branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0000750 of Axis Bank for its Cidco, Aurangabad branch located in Aurangabad, the following methods can help you out:

Cheque Book

The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Axis Bank branches in Aurangabad and Aurangabad, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Axis Bank and go to the branch locator section. Then search for Cidco, Aurangabad or Aurangabad to find the exact IFSC Code UTIB0000750.

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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Aurangabad will provide accurate information.

How to Use IFSC Code UTIB0000750 for Online Transfers?

If you have the IFSC Code UTIB0000750 for the Cidco, Aurangabad branch of Axis Bank in Aurangabad, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0000750. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0000750.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Cidco, Aurangabad in Aurangabad, it may result in delayed or failed transactions.

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 Cidco, Aurangabad, 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 Aurangabad to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Axis Bank in Cidco, Aurangabad, Aurangabad?

The IFSC Code is UTIB0000750.

Is the IFSC Code UTIB0000750 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Axis Bank Cidco, Aurangabad?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Cidco, Aurangabad branch?

The address of the branch is Ghai Chambers, Plot No. 20 Cidco, Town Centre Jalna Road, Aurangabad 431003 Maharashtra located in Aurangabad, Aurangabad, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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