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 Reliance Corporate Park Ghansoli branch in Navi Mumbai, Mumbai, 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 Navi Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0005617. 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, Reliance Corporate Park Ghansoli, Navi Mumbai
The table below shows the main details of the IFSC Code UTIB0005617 for the Axis Bank branch in Navi Mumbai, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005617 |
| Branch | Reliance Corporate Park Ghansoli |
| City | Navi Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor, Reliance Corporate Park No 5, Ttc Industrial Area, Thane Belapur Road, Ghansoli |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Navi Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005617 for the Reliance Corporate Park Ghansoli 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, including Axis Bank located in Reliance Corporate Park Ghansoli, Navi Mumbai, Maharashtra, is provided with a unique IFSC like UTIB0005617 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Navi Mumbai.
- 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 Navi Mumbai and Mumbai.
- 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 Reliance Corporate Park Ghansoli do not get mixed with another location.
Format of the IFSC Code UTIB0005617
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 Reliance Corporate Park Ghansoli in Navi Mumbai.
For example, the IFSC Code UTIB0005617 of Axis Bank for the Reliance Corporate Park Ghansoli branch has these elements, identifying the bank and the branch location in Navi Mumbai and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005617 of Axis Bank for its Reliance Corporate Park Ghansoli branch located in Navi Mumbai, 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 Navi Mumbai and Mumbai, 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 Reliance Corporate Park Ghansoli or Navi Mumbai to get the exact IFSC Code UTIB0005617.
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 Navi Mumbai, you'll get the correct details.
How to Use IFSC Code UTIB0005617 for Online Transfers?
If you have the IFSC Code UTIB0005617 for the Reliance Corporate Park Ghansoli branch of Axis Bank in Navi Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005617. 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 UTIB0005617.
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 Reliance Corporate Park Ghansoli in Navi Mumbai, 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 Reliance Corporate Park Ghansoli, 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 Navi Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005617.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor, Reliance Corporate Park No 5, Ttc Industrial Area, Thane Belapur Road, Ghansoli located in Navi Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.