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 Sangareddy branch in Medak, Sangareddy, Andhra 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 Medak or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0001382. 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, Sangareddy, Medak
Here are some of the key details that come with the IFSC Code UTIB0001382 of Axis Bank for its branch located in Medak, within the district of Sangareddy in the state of Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001382 |
| Branch | Sangareddy |
| City | Medak |
| District | Sangareddy |
| State | Andhra Pradesh |
| Address | Sr No.13/P, 14&108, Site No.2,Pothireddypally Village , Sangareddy,Dist. Medak, Andhra Pradesh, Pin 502001. |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Medak for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001382 for the Sangareddy 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 Sangareddy, Medak, Andhra Pradesh, is provided with a unique IFSC like UTIB0001382 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Medak.
- 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 Medak and Sangareddy.
- 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 Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Sangareddy do not get mixed with another location.
Format of the IFSC Code UTIB0001382
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 Sangareddy in Medak.
For example, the IFSC Code UTIB0001382 of Axis Bank for the Sangareddy branch includes these elements, identifying the bank and the branch location in Medak and Andhra Pradesh correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0001382 of Axis Bank for its Sangareddy branch located in Medak, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Medak and Sangareddy, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Sangareddy or Medak to find the exact IFSC Code UTIB0001382.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Medak will provide accurate information.
How to Use IFSC Code UTIB0001382 for Online Transfers?
Once you have the IFSC Code UTIB0001382 for the Sangareddy branch of Axis Bank in Medak, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0001382. 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 UTIB0001382.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Sangareddy in Medak, your payment can get delayed or might not go through at all.
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 Sangareddy, 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 Medak to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001382.
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 Sr No.13/P, 14&108, Site No.2,Pothireddypally Village , Sangareddy,Dist. Medak, Andhra Pradesh, Pin 502001. located in Medak, Sangareddy, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
