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 Lasudiya Parmar branch in Indore, Indore, Madhya Pradesh, 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 Indore or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0004675. 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, Lasudiya Parmar, Indore
Below in the table are the key details related to IFSC Code UTIB0004675 of Axis Bank for its branch located in Indore, within the district of Indore in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004675 |
| Branch | Lasudiya Parmar |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Address | Mr Sujeet Yadav So Mr Shriram Ji Yadav Gram Lasudiya Parmar, Post Dakachiya B O Tesil Sawer |
These details help users in online banking and for businesses and individuals who use Axis Bank in Indore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004675 for the Lasudiya Parmar branch of Axis Bank has a very 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 Lasudiya Parmar, Indore, Madhya Pradesh, are given a unique IFSC like UTIB0004675 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Indore.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Indore and Indore.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Lasudiya Parmar goes to the correct branch. This is important because Axis Bank has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0004675
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 Lasudiya Parmar in Indore.
For example, the IFSC Code UTIB0004675 of Axis Bank for the Lasudiya Parmar 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 UTIB0004675 of Axis Bank for its Lasudiya Parmar 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 Lasudiya Parmar or Indore to get the exact IFSC Code UTIB0004675.
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 UTIB0004675 for Online Transfers?
Once you have the IFSC Code UTIB0004675 for the Lasudiya Parmar 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 UTIB0004675. 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 UTIB0004675.
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 Lasudiya Parmar 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 Lasudiya Parmar, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Indore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004675.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Mr Sujeet Yadav So Mr Shriram Ji Yadav Gram Lasudiya Parmar, Post Dakachiya B O Tesil Sawer located in Indore, Indore, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.