For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Furniture Bazar Ulhasnagar West branch in Thane, Ulhasnagar, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Thane or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0000605. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Furniture Bazar Ulhasnagar West, Thane
Here are the main details that are associated with the IFSC Code UTIB0000605 of Axis Bank for its branch located in Thane, within the district of Ulhasnagar in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000605 |
| Branch | Furniture Bazar Ulhasnagar West |
| City | Thane |
| District | Ulhasnagar |
| State | Maharashtra |
| Address | D.No 167 Furniture Bazar Near Sapana Garden Ulhasnagar 4210003 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Thane for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000605 for the Furniture Bazar Ulhasnagar West 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 Furniture Bazar Ulhasnagar West, Thane, Maharashtra, are given a unique IFSC like UTIB0000605 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Thane.
- 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 Thane and Ulhasnagar.
- 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 Furniture Bazar Ulhasnagar West goes to the correct branch. This is important because Axis Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0000605
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Furniture Bazar Ulhasnagar West in Thane.
For example, the IFSC Code UTIB0000605 of Axis Bank for the Furniture Bazar Ulhasnagar West branch has these elements, identifying the bank and the branch location in Thane and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0000605 of Axis Bank for its Furniture Bazar Ulhasnagar West branch located in Thane, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Thane and Ulhasnagar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Furniture Bazar Ulhasnagar West or Thane to get the exact IFSC Code UTIB0000605.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Thane that will provide accurate information.
How to Use IFSC Code UTIB0000605 for Online Transfers?
If you have the IFSC Code UTIB0000605 for the Furniture Bazar Ulhasnagar West branch of Axis Bank in Thane, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000605. 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 UTIB0000605.
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 Furniture Bazar Ulhasnagar West in Thane, it 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 Furniture Bazar Ulhasnagar West, 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 Thane manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0000605.
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 D.No 167 Furniture Bazar Near Sapana Garden Ulhasnagar 4210003 located in Thane, Ulhasnagar, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.