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 Motinagar branch in Hyderabad, Hyderabad, Andhra Pradesh, 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 Hyderabad or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0001922. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Motinagar, Hyderabad
Here are some of the key details that come with the IFSC Code UTIB0001922 of Axis Bank for its branch located in Hyderabad, within the district of Hyderabad in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001922 |
| Branch | Motinagar |
| City | Hyderabad |
| District | Hyderabad |
| State | Andhra Pradesh |
| Address | H.No.8-3-167/K/13/B, Kalyan Nagar┬Ûventure Iii, Moti Nagar X Road,Hyderabad, Andhra Pradesh,Pin 500018 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Hyderabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001922 for the Motinagar 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Motinagar, Hyderabad, Andhra Pradesh, are allotted a unique IFSC like UTIB0001922 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hyderabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Hyderabad and Hyderabad.
- 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 Motinagar reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code UTIB0001922
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 Motinagar in Hyderabad.
For example, the IFSC Code UTIB0001922 of Axis Bank for the Motinagar branch includes these elements, identifying the bank and the branch location in Hyderabad and Andhra Pradesh correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001922 of Axis Bank for its Motinagar branch located in Hyderabad, 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
Most banks, including Axis Bank branches in Hyderabad and Hyderabad, print the IFSC and MICR codes 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 Motinagar or Hyderabad to get the exact IFSC Code UTIB0001922.
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 Hyderabad, you'll get the correct details.
How to Use IFSC Code UTIB0001922 for Online Transfers?
Once you have the IFSC Code UTIB0001922 for the Motinagar branch of Axis Bank in Hyderabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001922. 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 UTIB0001922.
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 Motinagar in Hyderabad, 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 Motinagar, 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 Hyderabad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001922.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is H.No.8-3-167/K/13/B, Kalyan Nagar┬Ûventure Iii, Moti Nagar X Road,Hyderabad, Andhra Pradesh,Pin 500018 located in Hyderabad, Hyderabad, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
