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 Mandideep branch in Raisen, Mandideep, Madhya Pradesh, 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 Raisen or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0002513. 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, Mandideep, Raisen
The table below shows the main details of the IFSC Code UTIB0002513 for the Axis Bank branch in Raisen, which falls under the Mandideep district in Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002513 |
| Branch | Mandideep |
| City | Raisen |
| District | Mandideep |
| State | Madhya Pradesh |
| Address | Raj Hotel,Plot No 314 By 1,Nh 12,Near Central Bank Of India Mandideep,District Raisen,Pin 462046 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Raisen for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002513 for the Mandideep branch of Axis Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Mandideep, Raisen, Madhya Pradesh, is provided a unique IFSC like UTIB0002513 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Raisen.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Raisen and Mandideep.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Mandideep do not get misguided to another person.
Format of the IFSC Code UTIB0002513
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mandideep in Raisen.
For example, the IFSC Code UTIB0002513 of Axis Bank for the Mandideep branch includes these elements, identifying the bank and the branch location in Raisen and Madhya Pradesh accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002513 of Axis Bank for its Mandideep branch located in Raisen, 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
Most banks, including Axis Bank branches in Raisen and Mandideep, print the IFSC and MICR codes 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 Mandideep or Raisen to get the exact IFSC Code UTIB0002513.
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 Raisen, you'll get the correct details.
How to Use IFSC Code UTIB0002513 for Online Transfers?
Once you have the IFSC Code UTIB0002513 for the Mandideep branch of Axis Bank in Raisen, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002513. 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 UTIB0002513.
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 Mandideep in Raisen, 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 Mandideep, 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 Raisen manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002513.
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 Raj Hotel,Plot No 314 By 1,Nh 12,Near Central Bank Of India Mandideep,District Raisen,Pin 462046 located in Raisen, Mandideep, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.