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 Bibwewadi branch in Pune, Pune, 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 Pune or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0002952. 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, Bibwewadi, Pune
Here are the key points that are associated with the IFSC Code UTIB0002952 of Axis Bank for its branch located in Pune, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002952 |
| Branch | Bibwewadi |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Gr Fl S No 5691 Plot No 9 B Bhagyanagar Opp Khushboo Hotel Bibwewadi Kondhwa Road Bibwewadi 411037 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002952 for the Bibwewadi 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, along with Axis Bank located in Bibwewadi, Pune, Maharashtra, are allotted a unique IFSC like UTIB0002952 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Pune and Pune.
- 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 Bibwewadi reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code UTIB0002952
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 Bibwewadi in Pune.
For example, the IFSC Code UTIB0002952 of Axis Bank for the Bibwewadi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002952 of Axis Bank for its Bibwewadi branch located in Pune, 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 Pune and Pune, 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 Bibwewadi or Pune to get the exact IFSC Code UTIB0002952.
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 Pune that will provide accurate information.
How to Use IFSC Code UTIB0002952 for Online Transfers?
Once you have the IFSC Code UTIB0002952 for the Bibwewadi branch of Axis Bank in Pune, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002952. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0002952.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Bibwewadi in Pune, it can 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 Bibwewadi, 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 Pune manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002952.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Gr Fl S No 5691 Plot No 9 B Bhagyanagar Opp Khushboo Hotel Bibwewadi Kondhwa Road Bibwewadi 411037 located in Pune, Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.