IFSC Code of Axis Bank, Dr Jaiprakash Mundada Urban Co Op, Jawala Bazar, Maharashtra — UTIB0SJMUC1

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 Dr Jaiprakash Mundada Urban Co Op branch in Hingoli, Jawala Bazar, Maharashtra, 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 Hingoli or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0SJMUC1. 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, Dr Jaiprakash Mundada Urban Co Op, Hingoli

The table below shows the main details of the IFSC Code UTIB0SJMUC1 for the Axis Bank branch in Hingoli, which falls under the Jawala Bazar district in Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Hingoli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SJMUC1 for the Dr Jaiprakash Mundada Urban Co Op branch of Axis Bank plays an 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 Dr Jaiprakash Mundada Urban Co Op, Hingoli, Maharashtra, is provided with a unique IFSC like UTIB0SJMUC1 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Hingoli.
• 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 Hingoli and Jawala Bazar.
• 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Dr Jaiprakash Mundada Urban Co Op do not get mixed with another location.

Format of the IFSC Code UTIB0SJMUC1

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): 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 Dr Jaiprakash Mundada Urban Co Op in Hingoli.

For example, the IFSC Code UTIB0SJMUC1 of Axis Bank for the Dr Jaiprakash Mundada Urban Co Op branch includes these elements, identifying the bank and the branch location in Hingoli and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0SJMUC1 of Axis Bank for its Dr Jaiprakash Mundada Urban Co Op branch located in Hingoli, 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 Hingoli and Jawala Bazar, 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 Dr Jaiprakash Mundada Urban Co Op or Hingoli to get the exact IFSC Code UTIB0SJMUC1.

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 Hingoli, you'll get the correct details.

How to Use IFSC Code UTIB0SJMUC1 for Online Transfers?

Once you have the IFSC Code UTIB0SJMUC1 for the Dr Jaiprakash Mundada Urban Co Op branch of Axis Bank in Hingoli, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0SJMUC1. 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 UTIB0SJMUC1.

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 Dr Jaiprakash Mundada Urban Co Op in Hingoli, 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 Dr Jaiprakash Mundada Urban Co Op, 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 Hingoli to handle online money transfers and get their cheques cleared smoothly.