IFSC Code of Axis Bank, Memco More, Dhanbad, Jharkhand- UTIB0004298

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 Memco More branch in Dhanbad, Dhanbad, Jharkhand, 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 Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0004298. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Memco More, Dhanbad

Here are some of the key details that come with the IFSC Code UTIB0004298 of Axis Bank for its branch located in Dhanbad, within the district of Dhanbad in the state of Jharkhand.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Dhanbad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004298 for the Memco More 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 Memco More, Dhanbad, Jharkhand, are allotted a unique IFSC like UTIB0004298 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Dhanbad.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Dhanbad and Dhanbad.
• 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 Memco More reaches the right place, even though there are thousands of branches in Jharkhand and across India.

Format of the IFSC Code UTIB0004298

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 Memco More in Dhanbad.

For example, the IFSC Code UTIB0004298 of Axis Bank for the Memco More branch includes these elements, identifying the bank and the branch location in Dhanbad and Jharkhand accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0004298 of Axis Bank for its Memco More branch located in Dhanbad, 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 Dhanbad and Dhanbad, 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 Memco More or Dhanbad to get the exact IFSC Code UTIB0004298.

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 Dhanbad, you'll get the correct details.

How to Use IFSC Code UTIB0004298 for Online Transfers?

Once you have the IFSC Code UTIB0004298 for the Memco More branch of Axis Bank in Dhanbad, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0004298. 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 UTIB0004298.

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 Memco More in Dhanbad, 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 Memco More, 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 Dhanbad manage their online transfers and cheque clearances easily.