IFSC Code of Axis Bank, Panchvati, Nashik, Nashik, Maharashtra- UTIB0001882

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 Panchvati, Nashik branch in Nasik, Nashik, Maharashtra, 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 Nasik or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0001882. 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, Panchvati, Nashik, Nasik

Here are some of the key details that come with the IFSC Code UTIB0001882 of Axis Bank for its branch located in Nasik, within the district of Nashik in the state of Maharashtra.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Nasik for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001882 for the Panchvati, Nashik branch of Axis Bank plays an 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, including Axis Bank located in Panchvati, Nashik, Nasik, Maharashtra, is provided with a unique IFSC like UTIB0001882 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Nasik.
• 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 Nasik and Nashik.
• 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Panchvati, Nashik do not get mixed with another location.

Format of the IFSC Code UTIB0001882

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 Panchvati, Nashik in Nasik.

For example, the IFSC Code UTIB0001882 of Axis Bank for the Panchvati, Nashik branch has these elements, identifying the bank and the branch location in Nasik and Maharashtra correctly.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0001882 of Axis Bank for its Panchvati, Nashik branch located in Nasik, 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 Nasik and Nashik, 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 Panchvati, Nashik or Nasik to find the exact IFSC Code UTIB0001882.

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 Nasik will provide accurate information.

How to Use IFSC Code UTIB0001882 for Online Transfers?

Once you have the IFSC Code UTIB0001882 for the Panchvati, Nashik branch of Axis Bank in Nasik, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0001882. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 UTIB0001882.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Panchvati, Nashik in Nasik, 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 Panchvati, Nashik, 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 Nasik to handle online money transfers and get their cheques cleared smoothly.