IFSC Code of Axis Bank, Indore (Service Branch), Indore, Madhya Pradesh- UTIB0001533

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 Indore (Service Branch) branch in Indore, Indore, Madhya Pradesh, 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 Indore or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code UTIB0001533. 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, Indore (Service Branch), Indore

Below in the table are the key details related to IFSC Code UTIB0001533 of Axis Bank for its branch located in Indore, within the district of Indore in the state of Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Indore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001533 for the Indore (Service Branch) 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 UTIB0001533 is given to every bank branch, including Axis Bank located in Indore (Service Branch), Indore, Madhya Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Indore.
• 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 Indore and Indore.
• 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Indore (Service Branch) doesn't end up at another location.

Format of the IFSC Code UTIB0001533

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 Indore (Service Branch) in Indore.

For example, the IFSC Code UTIB0001533 of Axis Bank for the Indore (Service Branch) branch includes these elements, identifying the bank and the branch location in Indore and Madhya Pradesh correctly.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0001533 of Axis Bank for its Indore (Service Branch) branch located in Indore, 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 Indore and Indore, 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 Indore (Service Branch) or Indore to get the exact IFSC Code UTIB0001533.

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 Indore, then it will provide you proper information.

How to Use IFSC Code UTIB0001533 for Online Transfers?

Once you have the IFSC Code UTIB0001533 for the Indore (Service Branch) branch of Axis Bank in Indore, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001533. 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 UTIB0001533.

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 Indore (Service Branch) in Indore, 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 Indore (Service Branch), 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 Indore to handle online money transfers and get their cheques cleared smoothly.