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 Margherita branch in Tinsukia, Margherita, Assam, 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 Tinsukia or anywhere in Assam can transfer funds instantly by using the correct IFSC Code UTIB0001972. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Margherita, Tinsukia
The table below shows the main details of the IFSC Code UTIB0001972 for the Axis Bank branch in Tinsukia, which falls under the Margherita district in Assam.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001972 |
| Branch | Margherita |
| City | Tinsukia |
| District | Margherita |
| State | Assam |
| Address | Ground Floor,Segunbari Tiniali Ward No.2,Margherita, Tinsukia,Assam,786181 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Tinsukia for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001972 for the Margherita 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Margherita, Tinsukia, Assam, are allotted a unique IFSC like UTIB0001972 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Tinsukia.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Tinsukia and Margherita.
- 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 Margherita reaches the right place, even though there are thousands of branches in Assam and across India.
Format of the IFSC Code UTIB0001972
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 Margherita in Tinsukia.
For example, the IFSC Code UTIB0001972 of Axis Bank for the Margherita branch includes these elements, identifying the bank and the branch location in Tinsukia and Assam accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001972 of Axis Bank for its Margherita branch located in Tinsukia, 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 Tinsukia and Margherita, 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 Margherita or Tinsukia to get the exact IFSC Code UTIB0001972.
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 Tinsukia that will provide accurate information.
How to Use IFSC Code UTIB0001972 for Online Transfers?
Once you have the IFSC Code UTIB0001972 for the Margherita branch of Axis Bank in Tinsukia, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001972. 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 UTIB0001972.
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 Margherita in Tinsukia, 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 Margherita, 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 Tinsukia to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001972.
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 Ground Floor,Segunbari Tiniali Ward No.2,Margherita, Tinsukia,Assam,786181 located in Tinsukia, Margherita, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.