There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Valmiki Urban Co Op Bank Ltd branch in Parbhani, Pathri, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Axis Bank situated in Parbhani or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0SVAUB1. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Valmiki Urban Co Op Bank Ltd, Parbhani
Below in the table are the key details related to IFSC Code UTIB0SVAUB1 of Axis Bank for its branch located in Parbhani, within the district of Pathri in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SVAUB1 |
| Branch | Valmiki Urban Co Op Bank Ltd |
| City | Parbhani |
| District | Pathri |
| State | Maharashtra |
| Address | Sai Road Pathri Dist Parbhani 431 506 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Parbhani for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SVAUB1 for the Valmiki Urban Co Op Bank Ltd 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 Valmiki Urban Co Op Bank Ltd, Parbhani, Maharashtra, are allotted a unique IFSC like UTIB0SVAUB1 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Parbhani.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Parbhani and Pathri.
- 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 Valmiki Urban Co Op Bank Ltd reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code UTIB0SVAUB1
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 Valmiki Urban Co Op Bank Ltd in Parbhani.
For example, the IFSC Code UTIB0SVAUB1 of Axis Bank for the Valmiki Urban Co Op Bank Ltd branch includes these elements, identifying the bank and the branch location in Parbhani and Maharashtra accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SVAUB1 of Axis Bank for its Valmiki Urban Co Op Bank Ltd branch located in Parbhani, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Parbhani and Pathri, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Valmiki Urban Co Op Bank Ltd or Parbhani to get the exact IFSC Code UTIB0SVAUB1.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Parbhani that will provide accurate information.
How to Use IFSC Code UTIB0SVAUB1 for Online Transfers?
Once you have the IFSC Code UTIB0SVAUB1 for the Valmiki Urban Co Op Bank Ltd branch of Axis Bank in Parbhani, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SVAUB1. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0SVAUB1.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Valmiki Urban Co Op Bank Ltd in Parbhani, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Valmiki Urban Co Op Bank Ltd, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Parbhani manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SVAUB1.
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 Sai Road Pathri Dist Parbhani 431 506 located in Parbhani, Pathri, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
