The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Margao (Goa) branch in South Goa, Margao, Goa, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code UTIB0000121. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Margao (Goa), South Goa
Here are some of the key details that come with the IFSC Code UTIB0000121 of Axis Bank for its branch located in South Goa, within the district of Margao in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000121 |
| Branch | Margao (Goa) |
| City | South Goa |
| District | Margao |
| State | Goa |
| Address | Shop 1,2,3 'Garden View'Padre Miranda Road ,Margao Salcete |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in South Goa for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000121 for the Margao (Goa) 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 Margao (Goa), South Goa, Goa, are given a unique IFSC like UTIB0000121 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in South Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like South Goa and Margao.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Margao (Goa) goes to the correct branch. This is important because Axis Bank has thousands of branches in Goa and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0000121
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 Margao (Goa) in South Goa.
For example, the IFSC Code UTIB0000121 of Axis Bank for the Margao (Goa) branch includes these elements, identifying the bank and the branch location in South Goa and Goa accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000121 of Axis Bank for its Margao (Goa) branch located in South Goa, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in South Goa and Margao, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Margao (Goa) or South Goa to find the exact IFSC Code UTIB0000121.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and South Goa will provide accurate information.
How to Use IFSC Code UTIB0000121 for Online Transfers?
Once you have the IFSC Code UTIB0000121 for the Margao (Goa) branch of Axis Bank in South Goa, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000121. 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 UTIB0000121.
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 Margao (Goa) in South Goa, 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 Margao (Goa), here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in South Goa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Margao (Goa) South Goa branch is UTIB0000121.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shop 1,2,3 'Garden View'Padre Miranda Road ,Margao Salcete.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.