IFSC Code of Axis Bank, Pipliyahana Sq, Indore, Madhya Pradesh- UTIB0003430

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 Pipliyahana Sq branch in Indore, Indore, Madhya 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 Indore or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0003430. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Pipliyahana Sq, Indore

Below in the table are the key details related to IFSC Code UTIB0003430 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 UTIB0003430 for the Pipliyahana Sq 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, including Axis Bank located in Pipliyahana Sq, Indore, Madhya Pradesh, is provided with a unique IFSC like UTIB0003430 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Indore and Indore.
• 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Pipliyahana Sq do not get mixed with another location.

Format of the IFSC Code UTIB0003430

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 Pipliyahana Sq in Indore.

For example, the IFSC Code UTIB0003430 of Axis Bank for the Pipliyahana Sq 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 trying to find the IFSC Code UTIB0003430 of Axis Bank for its Pipliyahana Sq branch located in Indore, the following methods can help:

Cheque Book

The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Axis Bank branches in Indore and Indore, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Axis Bank and find the branch locator section. Search for Pipliyahana Sq or Indore to get the exact IFSC Code UTIB0003430.

Mobile Banking App

If you use Axis Bank's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Axis Bank and Indore that will provide accurate information.

How to Use IFSC Code UTIB0003430 for Online Transfers?

Once you have the IFSC Code UTIB0003430 for the Pipliyahana Sq 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 UTIB0003430. 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 UTIB0003430.

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 Pipliyahana Sq in Indore, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Pipliyahana Sq, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Axis Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Indore manage online transfers as well as cheque clearances with ease.