IFSC Code of Axis Bank, Seven Bunglows, Mumbai, Maharashtra- UTIB0001154

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 Seven Bunglows branch in Greater Mumbai, Mumbai, Maharashtra, 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 Greater Mumbai or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0001154. 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, Seven Bunglows, Greater Mumbai

Here are some of the key details that come with the IFSC Code UTIB0001154 of Axis Bank for its branch located in Greater Mumbai, within the district of Mumbai in the state of Maharashtra.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Greater Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001154 for the Seven Bunglows branch of Axis Bank has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0001154 is given to every bank branch, including Axis Bank located in Seven Bunglows, Greater Mumbai, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Greater Mumbai.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Greater Mumbai and Mumbai.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Seven Bunglows doesn't end up at another location.

Format of the IFSC Code UTIB0001154

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 Seven Bunglows in Greater Mumbai.

For example, the IFSC Code UTIB0001154 of Axis Bank for the Seven Bunglows branch includes these elements, identifying the bank and the branch location in Greater Mumbai and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0001154 of Axis Bank for its Seven Bunglows branch located in Greater Mumbai, 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 Greater Mumbai and Mumbai, 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 Seven Bunglows or Greater Mumbai to get the exact IFSC Code UTIB0001154.

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 Greater Mumbai, then it will provide you proper information.

How to Use IFSC Code UTIB0001154 for Online Transfers?

Once you have the IFSC Code UTIB0001154 for the Seven Bunglows branch of Axis Bank in Greater Mumbai, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001154. 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 UTIB0001154.

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 Seven Bunglows in Greater Mumbai, it can 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 Seven Bunglows, 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 Greater Mumbai to handle online money transfers and get their cheques cleared smoothly.