IFSC Code of Axis Bank, Khandwa, Khandwa, Madhya Pradesh- UTIB0000699

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 Khandwa branch in Khandwa, Khandwa, 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 Khandwa or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0000699. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Khandwa, Khandwa

The table below shows the main details of the IFSC Code UTIB0000699 for the Axis Bank branch in Khandwa, which falls under the Khandwa district in Madhya Pradesh.

These details helps users in online banking and for businesses and individuals who use Axis Bank in Khandwa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000699 for the Khandwa branch of Axis Bank plays a vital 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 Khandwa, Khandwa, Madhya Pradesh, is provided with a unique IFSC like UTIB0000699 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Khandwa.
• 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 Khandwa and Khandwa.
• 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 Khandwa do not get mixed with another location.

Format of the IFSC Code UTIB0000699

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 Khandwa in Khandwa.

For example, the IFSC Code UTIB0000699 of Axis Bank for the Khandwa branch includes these elements, identifying the bank and the branch location in Khandwa and Madhya Pradesh accurately.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0000699 of Axis Bank for its Khandwa branch located in Khandwa, 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 Khandwa and Khandwa, 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 Khandwa or Khandwa to get the exact IFSC Code UTIB0000699.

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 Khandwa, then it will provide you proper information.

How to Use IFSC Code UTIB0000699 for Online Transfers?

Once you have the IFSC Code UTIB0000699 for the Khandwa branch of Axis Bank in Khandwa, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0000699. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Axis Bank IFSC Code UTIB0000699.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Khandwa in Khandwa, your payment can get delayed or might not go through at all.

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 Khandwa, 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 Khandwa manage online transfers as well as cheque clearances with ease.