IFSC Code of Axis Bank, Merchants Liberal Coop Bank, Gadag Betigeri, Karnataka- UTIB0SMLCBK

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 Merchants Liberal Coop Bank branch in Gadag, Gadag Betigeri, Karnataka, 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 Gadag or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code UTIB0SMLCBK. 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, Merchants Liberal Coop Bank, Gadag

Here are the key points that are associated with the IFSC Code UTIB0SMLCBK of Axis Bank for its branch located in Gadag, within the district of Gadag Betigeri in the state of Karnataka.

These details helps users in online banking and for businesses and individuals who use Axis Bank in Gadag for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SMLCBK for the Merchants Liberal Coop Bank branch of Axis Bank plays a vital 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 Merchants Liberal Coop Bank, Gadag, Karnataka, is provided with a unique IFSC like UTIB0SMLCBK to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Gadag.
• 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 Gadag and Gadag Betigeri.
• 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Merchants Liberal Coop Bank do not get mixed with another location.

Format of the IFSC Code UTIB0SMLCBK

The format of the IFSC Code for banks, including Axis Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Merchants Liberal Coop Bank in Gadag.

For example, the IFSC Code UTIB0SMLCBK of Axis Bank for the Merchants Liberal Coop Bank branch includes these elements, identifying the bank and the branch location in Gadag and Karnataka correctly.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0SMLCBK of Axis Bank for its Merchants Liberal Coop Bank branch located in Gadag, the following methods can help:

Cheque Book

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

Passbook

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

Bank Website

You can visit the official website of Axis Bank and look for the branch locator section, then search for Merchants Liberal Coop Bank or Gadag to get the exact IFSC Code UTIB0SMLCBK.

Mobile Banking App

If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Gadag, then it will provide you proper information.

How to Use IFSC Code UTIB0SMLCBK for Online Transfers?

Once you have the IFSC Code UTIB0SMLCBK for the Merchants Liberal Coop Bank branch of Axis Bank in Gadag, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0SMLCBK. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

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

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Axis Bank IFSC Code UTIB0SMLCBK.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Merchants Liberal Coop Bank in Gadag, your payment can get delayed or might not go through at all.

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 Merchants Liberal Coop Bank, 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 Gadag to handle online money transfers and get their cheques cleared smoothly.