The IFSC Code of MVP COLONY, Axis Bank is UTIB0000557.
What's the Address of MVP COLONY, Axis Bank?
The Address of MVP COLONY, Axis Bank is PLOT NO 4, 1ST FLOOR, SECTOR 10, MVP COLONY, VISAKHAPATNAM, 530 017.
What's the MICR Code of MVP COLONY, Axis Bank?
The MICR Code of MVP COLONY, Axis Bank is 530211004.
What's the Contact of MVP COLONY, Axis Bank?
The Contact of MVP COLONY, Axis Bank is +918142205571.
What's the District MVP COLONY, Axis Bank falls under?
The District MVP COLONY, Axis Bank falls under is VISHAKAPATNAM.
What is IFSC Code
IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.
The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:
The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.
For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.
IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).