Axis Bank, MALAKPET

Here is the IFSC & MICR Codes of Axis Bank, MALAKPET, HYDERABAD, TELANGANA. Also get the latest address, contact number of Axis Bank, MALAKPET.

IFSC Code: UTIB0003172
Branch: MALAKPET
Address: SRI VINAYAKA SPECTRUM SQUARE 1626742 GROUND FLOOR BESIDE P SATYANARAYAN GEMS JEWELLERY MALAKPET HYDERABAD 500036
Bank Code: UTIB
MICR: 500211065

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Frequently asked questions

What's the IFSC Code of MALAKPET, Axis Bank?: The IFSC Code of MALAKPET, Axis Bank is UTIB0003172.
What's the Address of MALAKPET, Axis Bank?: The Address of MALAKPET, Axis Bank is SRI VINAYAKA SPECTRUM SQUARE 1626742 GROUND FLOOR BESIDE P SATYANARAYAN GEMS JEWELLERY MALAKPET HYDERABAD 500036.
What's the MICR Code of MALAKPET, Axis Bank?: The MICR Code of MALAKPET, Axis Bank is 500211065.
What's the District MALAKPET, Axis Bank falls under?: The District MALAKPET, Axis Bank falls under is RANGAREDDY.

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).