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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Nigdi branch in Pune, Nigdi, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0001494. 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, Nigdi, Pune
The table below shows the main details of the IFSC Code UTIB0001494 for the Axis Bank branch in Pune, which falls under the Nigdi district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001494 |
| Branch | Nigdi |
| City | Pune |
| District | Nigdi |
| State | Maharashtra |
| Address | Ground Floor, Kalyani Chambers, Sector 27 A, Plot No. 80, Nigdi, Pcnt, Pcmc, Pune, Maharashtra , Pin 411044 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Pune for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001494 for the Nigdi branch of Axis Bank plays a vital 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 Nigdi, Pune, Maharashtra, are allotted a unique IFSC like UTIB0001494 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 Nigdi.
- 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 Nigdi reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code UTIB0001494
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): 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 Nigdi in Pune.
For example, the IFSC Code UTIB0001494 of Axis Bank for the Nigdi branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0001494 of Axis Bank for its Nigdi branch located in Pune, the following methods can help:
Cheque Book
The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Axis Bank branches in Pune and Nigdi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Axis Bank and look for the branch locator section, then search for Nigdi or Pune to get the exact IFSC Code UTIB0001494.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Pune, then it will provide you proper information.
How to Use IFSC Code UTIB0001494 for Online Transfers?
If you have the IFSC Code UTIB0001494 for the Nigdi branch of Axis Bank in Pune, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001494. 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 UTIB0001494.
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 Nigdi in Pune, it may result in delayed or failed transactions.
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 Nigdi, 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 Pune manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001494.
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, Kalyani Chambers, Sector 27 A, Plot No. 80, Nigdi, Pcnt, Pcmc, Pune, Maharashtra , Pin 411044 located in Pune, Nigdi, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.