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 Yavatmal Dist Central Coop Bank Ltd branch in Yavatmal, Pimpalgaon Kanha, 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 Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0SYDC95. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Yavatmal Dist Central Coop Bank Ltd, Yavatmal
Here are the main details that are associated with the IFSC Code UTIB0SYDC95 of Axis Bank for its branch located in Yavatmal, within the district of Pimpalgaon Kanha in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SYDC95 |
| Branch | Yavatmal Dist Central Coop Bank Ltd |
| City | Yavatmal |
| District | Pimpalgaon Kanha |
| State | Maharashtra |
| Address | At Po Pimpalgaon Kanha, Tah Mahagaon Ps 445205 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Yavatmal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SYDC95 for the Yavatmal Dist Central Coop Bank Ltd 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 Yavatmal Dist Central Coop Bank Ltd, Yavatmal, Maharashtra, are allotted a unique IFSC like UTIB0SYDC95 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Yavatmal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Yavatmal and Pimpalgaon Kanha.
- 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 Yavatmal Dist Central Coop Bank Ltd reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code UTIB0SYDC95
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 Yavatmal Dist Central Coop Bank Ltd in Yavatmal.
For example, the IFSC Code UTIB0SYDC95 of Axis Bank for the Yavatmal Dist Central Coop Bank Ltd branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0SYDC95 of Axis Bank for its Yavatmal Dist Central Coop Bank Ltd branch located in Yavatmal, 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 Yavatmal and Pimpalgaon Kanha, 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 Yavatmal Dist Central Coop Bank Ltd or Yavatmal to find the exact IFSC Code UTIB0SYDC95.
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 Yavatmal will provide accurate information.
How to Use IFSC Code UTIB0SYDC95 for Online Transfers?
Once you have the IFSC Code UTIB0SYDC95 for the Yavatmal Dist Central Coop Bank Ltd branch of Axis Bank in Yavatmal, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SYDC95. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0SYDC95.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Yavatmal Dist Central Coop Bank Ltd in Yavatmal, your payment can get delayed or might not go through at all.
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 Yavatmal Dist Central Coop Bank Ltd, 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 Yavatmal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SYDC95.
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 At Po Pimpalgaon Kanha, Tah Mahagaon Ps 445205 located in Yavatmal, Pimpalgaon Kanha, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.