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 Shankar Nagar, Nagpur branch in Nagpur, Nagpur, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0001828. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Shankar Nagar, Nagpur, Nagpur
Here are some of the key details that come with the IFSC Code UTIB0001828 of Axis Bank for its branch located in Nagpur, within the district of Nagpur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001828 |
| Branch | Shankar Nagar, Nagpur |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
| Address | Ground Floor, Chandak Bhawan, North Ambazari Road, Dharampeth, Nagpur, Maharashtra, Pin 440010 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Nagpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0001828 for the Shankar Nagar, Nagpur 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 Shankar Nagar, Nagpur, Nagpur, Maharashtra, are given a unique IFSC like UTIB0001828 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 any kind of 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 helps ensure that any money sent to Axis Bank in Shankar Nagar, Nagpur goes to the correct branch. This is important because Axis Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0001828
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 Shankar Nagar, Nagpur in Nagpur.
For example, the IFSC Code UTIB0001828 of Axis Bank for the Shankar Nagar, Nagpur branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0001828 of Axis Bank for its Shankar Nagar, Nagpur branch located in Nagpur, 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 Nagpur and Nagpur, 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 Shankar Nagar, Nagpur or Nagpur to find the exact IFSC Code UTIB0001828.
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 Nagpur will provide accurate information.
How to Use IFSC Code UTIB0001828 for Online Transfers?
If you have the IFSC Code UTIB0001828 for the Shankar Nagar, Nagpur branch of Axis Bank in Nagpur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001828. Transfers are processed in batches. 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0001828.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Shankar Nagar, Nagpur in Nagpur, it 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 Shankar Nagar, Nagpur, 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 Nagpur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shankar Nagar, Nagpur Nagpur branch is UTIB0001828.
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, Chandak Bhawan, North Ambazari Road, Dharampeth, Nagpur, Maharashtra, Pin 440010.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.