IFSC Code of Axis Bank, Kokta Bypass, Bhopal, Madhya Pradesh- UTIB0005590

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 Kokta Bypass branch in Bhopal, Bhopal, Madhya Pradesh, 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 Bhopal or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code UTIB0005590. 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, Kokta Bypass, Bhopal

Here are the main details that are associated with the IFSC Code UTIB0005590 of Axis Bank for its branch located in Bhopal, within the district of Bhopal in the state of Madhya Pradesh.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Bhopal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005590 for the Kokta Bypass 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, including Axis Bank located in Kokta Bypass, Bhopal, Madhya Pradesh, is provided with a unique IFSC like UTIB0005590 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Bhopal.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Bhopal and Bhopal.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Kokta Bypass do not get mixed with another location.

Format of the IFSC Code UTIB0005590

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 Kokta Bypass in Bhopal.

For example, the IFSC Code UTIB0005590 of Axis Bank for the Kokta Bypass branch includes these elements, identifying the bank and the branch location in Bhopal and Madhya Pradesh accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0005590 of Axis Bank for its Kokta Bypass branch located in Bhopal, the following methods can help:

Cheque Book

The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

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

Bank Website

Visit the official website of Axis Bank and find the branch locator section. Search for Kokta Bypass or Bhopal to get the exact IFSC Code UTIB0005590.

Mobile Banking App

If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Bhopal that will provide accurate information.

How to Use IFSC Code UTIB0005590 for Online Transfers?

Once you have the IFSC Code UTIB0005590 for the Kokta Bypass branch of Axis Bank in Bhopal, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0005590. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0005590.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Kokta Bypass in Bhopal, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Kokta Bypass, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Axis Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Bhopal manage online transfers as well as cheque clearances with ease.