IFSC Code, MICR Codes for AXIS BANK in KARNATAKA - TUMKUR - TIPTUR - MERCHANTS COOPERATIVE BANK LIMITED

AXIS BANK RTGS HO Branch in TIPTUR - Address, IFSC, MICR Code


IFSC Code

UTIB0SMCBL1

MICR Code

572806202

Branch

MERCHANTS COOPERATIVE BANK LIMITED

Contact

251153

Address

HOSAPET ROAD TIPTUR TUMKUR DISTRICT 572202

City

TIPTUR

District

TUMKUR

State

KARNATAKA





What is IFSC Code of AXIS BANK situated at MERCHANTS COOPERATIVE BANK LIMITED- RTGS-HO?
IFSC Code of AXIS BANK situated at MERCHANTS COOPERATIVE BANK LIMITED - RTGS-HO is

UTIB0SMCBL1

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.