IFSC Code of Axis Bank, New Mahadwar Road, Kolhapur, Maharashtra — UTIB0001196

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 New Mahadwar Road branch in Kolhapur, Kolhapur, Maharashtra, 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 Kolhapur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0001196. 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, New Mahadwar Road, Kolhapur

The table below shows the main details of the IFSC Code UTIB0001196 for the Axis Bank branch in Kolhapur, which falls under the Kolhapur district in Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Kolhapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0001196 for the New Mahadwar Road branch of Axis Bank is vital.

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 New Mahadwar Road, Kolhapur, Maharashtra, are allotted a unique IFSC like UTIB0001196 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Kolhapur.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Kolhapur and Kolhapur.
• 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 New Mahadwar Road reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code UTIB0001196

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 New Mahadwar Road in Kolhapur.

For example, the IFSC Code UTIB0001196 of Axis Bank for the New Mahadwar Road branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0001196 of Axis Bank for its New Mahadwar Road branch located in Kolhapur, 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

You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Kolhapur and Kolhapur, print them 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 New Mahadwar Road or Kolhapur to get the exact IFSC Code UTIB0001196.

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 Kolhapur, you'll get the correct details.

How to Use IFSC Code UTIB0001196 for Online Transfers?

Once you have the IFSC Code UTIB0001196 for the New Mahadwar Road branch of Axis Bank in Kolhapur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001196. 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 UTIB0001196.

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 New Mahadwar Road in Kolhapur, 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 New Mahadwar Road, 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 Kolhapur to handle online money transfers and get their cheques cleared smoothly.