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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Indraprastha Sehkari Bank Ltd branch in Delhi, Delhi, Delhi, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Delhi or anywhere in Delhi can transfer funds instantly by using the correct IFSC Code UTIB0SIPSB5. 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, Indraprastha Sehkari Bank Ltd, Delhi
Here are some of the key details that come with the IFSC Code UTIB0SIPSB5 of Axis Bank for its branch located in Delhi, within the district of Delhi in the state of Delhi.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SIPSB5 |
| Branch | Indraprastha Sehkari Bank Ltd |
| City | Delhi |
| District | Delhi |
| State | Delhi |
| Address | Plot Shop No 1 Pandav Nagar Patpar Ganj Delhi 110092 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Delhi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SIPSB5 for the Indraprastha Sehkari Bank Ltd branch of Axis Bank has a very important role.
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 Indraprastha Sehkari Bank Ltd, Delhi, Delhi, is provided with a unique IFSC like UTIB0SIPSB5 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Delhi.
- 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 Delhi and Delhi.
- 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 Delhi and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Indraprastha Sehkari Bank Ltd do not get mixed with another location.
Format of the IFSC Code UTIB0SIPSB5
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Indraprastha Sehkari Bank Ltd in Delhi.
For example, the IFSC Code UTIB0SIPSB5 of Axis Bank for the Indraprastha Sehkari Bank Ltd branch includes these elements, identifying the bank and the branch location in Delhi and Delhi accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SIPSB5 of Axis Bank for its Indraprastha Sehkari Bank Ltd branch located in Delhi, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Delhi and Delhi, print them 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 Indraprastha Sehkari Bank Ltd or Delhi to get the exact IFSC Code UTIB0SIPSB5.
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 Delhi, you'll get the correct details.
How to Use IFSC Code UTIB0SIPSB5 for Online Transfers?
If you have the IFSC Code UTIB0SIPSB5 for the Indraprastha Sehkari Bank Ltd branch of Axis Bank in Delhi, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0SIPSB5. 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 UTIB0SIPSB5.
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 Indraprastha Sehkari Bank Ltd in Delhi, 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 Indraprastha Sehkari Bank Ltd, 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 Delhi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SIPSB5.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Plot Shop No 1 Pandav Nagar Patpar Ganj Delhi 110092 located in Delhi, Delhi, Delhi.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.