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 Central Avenue, Powai branch in Mumbai, Mumbai, Maharashtra, 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 Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0004701. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Central Avenue, Powai, Mumbai
Here are some of the key details that come with the IFSC Code UTIB0004701 of Axis Bank for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004701 |
| Branch | Central Avenue, Powai |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor, Shop No.10, B Wing, Ventura Tower, Hiranandani Business Park, Central Avenue Road, Powai, Mumbai _X0013_ 400 076, Maharashtra |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004701 for the Central Avenue, Powai branch of Axis Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Central Avenue, Powai, Mumbai, Maharashtra, is provided a unique IFSC like UTIB0004701 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Mumbai.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Mumbai and Mumbai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Central Avenue, Powai do not get misguided to another person.
Format of the IFSC Code UTIB0004701
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Central Avenue, Powai in Mumbai.
For example, the IFSC Code UTIB0004701 of Axis Bank for the Central Avenue, Powai branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0004701 of Axis Bank for its Central Avenue, Powai branch located in Mumbai, 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 Mumbai and Mumbai, 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 Central Avenue, Powai or Mumbai to find the exact IFSC Code UTIB0004701.
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 Mumbai will provide accurate information.
How to Use IFSC Code UTIB0004701 for Online Transfers?
Once you have the IFSC Code UTIB0004701 for the Central Avenue, Powai branch of Axis Bank in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004701. Transfers are processed in batches. This is suitable for 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 UTIB0004701.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Central Avenue, Powai in Mumbai may 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 Central Avenue, Powai, 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 Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Central Avenue, Powai Mumbai branch is UTIB0004701.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor, Shop No.10, B Wing, Ventura Tower, Hiranandani Business Park, Central Avenue Road, Powai, Mumbai _X0013_ 400 076, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.