IFSC Code of Axis Bank, Dr Babasaheb Ambedkar Urban Coop, Nagpur, Maharashtra- UTIB0SDBAU1

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Dr Babasaheb Ambedkar Urban Coop branch in Nagpur, Nagpur, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0SDBAU1. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Dr Babasaheb Ambedkar Urban Coop, Nagpur

Here are the main details that are associated with the IFSC Code UTIB0SDBAU1 of Axis Bank for its branch located in Nagpur, within the district of Nagpur in the state of Maharashtra.

These details help users in online banking and for businesses and individuals who use Axis Bank in Nagpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SDBAU1 for the Dr Babasaheb Ambedkar Urban Coop branch of Axis Bank has a very 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, along with Axis Bank located in Dr Babasaheb Ambedkar Urban Coop, Nagpur, Maharashtra, are allotted a unique IFSC like UTIB0SDBAU1 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

Format of the IFSC Code UTIB0SDBAU1

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Dr Babasaheb Ambedkar Urban Coop in Nagpur.

For example, the IFSC Code UTIB0SDBAU1 of Axis Bank for the Dr Babasaheb Ambedkar Urban Coop branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0SDBAU1 of Axis Bank for its Dr Babasaheb Ambedkar Urban Coop branch located in Nagpur, 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 Nagpur and Nagpur, 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 Dr Babasaheb Ambedkar Urban Coop or Nagpur to get the exact IFSC Code UTIB0SDBAU1.

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 Nagpur, you'll get the correct details.

How to Use IFSC Code UTIB0SDBAU1 for Online Transfers?

Once you have the IFSC Code UTIB0SDBAU1 for the Dr Babasaheb Ambedkar Urban Coop branch of Axis Bank in Nagpur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0SDBAU1. 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 UTIB0SDBAU1.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Dr Babasaheb Ambedkar Urban Coop in Nagpur 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 Dr Babasaheb Ambedkar Urban Coop, 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 Nagpur to handle online money transfers and get their cheques cleared smoothly.