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 Shivshakti Urban Co Op Bank Ltd branch in Solapur, Barsi, 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 Solapur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UTIB0SUCB01. 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, Shivshakti Urban Co Op Bank Ltd, Solapur
Here are some of the key details that come with the IFSC Code UTIB0SUCB01 of Axis Bank for its branch located in Solapur, within the district of Barsi in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SUCB01 |
| Branch | Shivshakti Urban Co Op Bank Ltd |
| City | Solapur |
| District | Barsi |
| State | Maharashtra |
| Address | C.S.No.739,Nr.Karmveer Nagar,Post Office,Barshi 413 401 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Solapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0SUCB01 for the Shivshakti Urban Co Op Bank Ltd 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, along with Axis Bank located in Shivshakti Urban Co Op Bank Ltd, Solapur, Maharashtra, are allotted a unique IFSC like UTIB0SUCB01 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Solapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Solapur and Barsi.
- 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 Shivshakti 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 UTIB0SUCB01
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 Shivshakti Urban Co Op Bank Ltd in Solapur.
For example, the IFSC Code UTIB0SUCB01 of Axis Bank for the Shivshakti Urban Co Op Bank Ltd branch includes these elements, identifying the bank and the branch location in Solapur and Maharashtra accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SUCB01 of Axis Bank for its Shivshakti Urban Co Op Bank Ltd branch located in Solapur, 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 Solapur and Barsi, 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 Shivshakti Urban Co Op Bank Ltd or Solapur to get the exact IFSC Code UTIB0SUCB01.
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 Solapur, you'll get the correct details.
How to Use IFSC Code UTIB0SUCB01 for Online Transfers?
Once you have the IFSC Code UTIB0SUCB01 for the Shivshakti Urban Co Op Bank Ltd branch of Axis Bank in Solapur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0SUCB01. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0SUCB01.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Shivshakti Urban Co Op Bank Ltd in Solapur 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 Shivshakti 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 Solapur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SUCB01.
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 C.S.No.739,Nr.Karmveer Nagar,Post Office,Barshi 413 401 located in Solapur, Barsi, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.