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 Vasco (Marmgagao) (Goa) branch in South Goa, Mormugao, or Goa, 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 South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code UTIB0000187. 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, Vasco (Marmgagao) (Goa), South Goa
Below in the table are the key details related to IFSC Code UTIB0000187 of Axis Bank for its branch located in South Goa, within the district of Mormugao in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000187 |
| Branch | Vasco (Marmgagao) (Goa) |
| City | South Goa |
| District | Mormugao |
| State | Goa |
| Address | Heritage, Grnd Flr, Swantantra Path Opp.Sapna Terraces Vasco-Da-Gama |
These details help users in online banking and for businesses and individuals who use Axis Bank in South Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000187 for the Vasco (Marmgagao) (Goa) branch of Axis Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0000187 is given to every bank branch, including Axis Bank located in Vasco (Marmgagao) (Goa), South Goa, Goa, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in South Goa.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like South Goa and Mormugao.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Goa and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Vasco (Marmgagao) (Goa) doesn't end up at another location.
Format of the IFSC Code UTIB0000187
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 Vasco (Marmgagao) (Goa) in South Goa.
For example, the IFSC Code UTIB0000187 of Axis Bank for the Vasco (Marmgagao) (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?
If you are trying to find the IFSC Code UTIB0000187 of Axis Bank for its Vasco (Marmgagao) (Goa) branch located in South Goa, 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 South Goa and Mormugao, 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 Vasco (Marmgagao) (Goa) or South Goa to get the exact IFSC Code UTIB0000187.
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 South Goa, you'll get the correct details.
How to Use IFSC Code UTIB0000187 for Online Transfers?
Once you have the IFSC Code UTIB0000187 for the Vasco (Marmgagao) (Goa) branch of Axis Bank in South Goa, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000187. 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 UTIB0000187.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Vasco (Marmgagao) (Goa) in South Goa may 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 Vasco (Marmgagao) (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 is UTIB0000187.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Heritage, Grnd Flr, Swantantra Path Opp.Sapna Terraces Vasco-Da-Gama located in South Goa, Mormugao, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.