IFSC Code of Axis Bank, Peergate Bhopal, Bhopal, Madhya Pradesh- UTIB0002819

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Peergate Bhopal branch in Bhopal, Bhopal, or Madhya Pradesh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Bhopal or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0002819. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Peergate Bhopal, Bhopal

Here are the main details that are associated with the IFSC Code UTIB0002819 of Axis Bank for its branch located in Bhopal, within the district of Bhopal in the state of Madhya Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Bhopal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002819 for the Peergate Bhopal branch of Axis Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Peergate Bhopal, Bhopal, Madhya Pradesh, is provided a unique IFSC like UTIB0002819 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Axis Bank branch in Bhopal.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Bhopal and Bhopal.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Peergate Bhopal do not get misguided to another person.

Format of the IFSC Code UTIB0002819

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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Peergate Bhopal in Bhopal.

For example, the IFSC Code UTIB0002819 of Axis Bank for the Peergate Bhopal branch has these elements, identifying the bank and the branch location in Bhopal and Madhya Pradesh correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0002819 of Axis Bank for its Peergate Bhopal branch located in Bhopal, 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 Bhopal and Bhopal, 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 Peergate Bhopal or Bhopal to get the exact IFSC Code UTIB0002819.

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 Bhopal, you'll get the correct details.

How to Use IFSC Code UTIB0002819 for Online Transfers?

Once you have the IFSC Code UTIB0002819 for the Peergate Bhopal 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 UTIB0002819. 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 UTIB0002819.

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 Peergate Bhopal in Bhopal, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Peergate Bhopal, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Bhopal manage their online transfers and cheque clearances easily.