Axis Bank, SOUTH MADA STREET

Here is the IFSC & MICR Codes of Axis Bank, SOUTH MADA STREET, CHENNAI, TAMIL NADU. Also get the latest address, contact number of Axis Bank, SOUTH MADA STREET.

IFSC Code: UTIB0001596
Branch: SOUTH MADA STREET
Address: DOOR NO.31. (OLD NO.14), SOUTH MADA STREET, MYLAPORE, CHENNAI, TAMIL NADU, PIN 600004
Bank Code: UTIB
MICR: 600211055

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Frequently asked questions

What's the IFSC Code of SOUTH MADA STREET, Axis Bank?: The IFSC Code of SOUTH MADA STREET, Axis Bank is UTIB0001596.
What's the Address of SOUTH MADA STREET, Axis Bank?: The Address of SOUTH MADA STREET, Axis Bank is DOOR NO.31. (OLD NO.14), SOUTH MADA STREET, MYLAPORE, CHENNAI, TAMIL NADU, PIN 600004.
What's the MICR Code of SOUTH MADA STREET, Axis Bank?: The MICR Code of SOUTH MADA STREET, Axis Bank is 600211055.
What's the District SOUTH MADA STREET, Axis Bank falls under?: The District SOUTH MADA STREET, Axis Bank falls under is CHENNAI.

Definition

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).