IFSC Code, MICR Codes for AXIS BANK in KERALA - KOTTAYAM - PALAI - PALAI KERALA

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


IFSC Code

UTIB0000616

MICR Code

686211003

Branch

PALAI KERALA

Contact

0

Address

PUTHUMANA ARCADE PALAI 686 575 DIST. KOTTAYAM KERALA 686 211 003

City

PALAI

District

KOTTAYAM

State

KERALA





What is IFSC Code of AXIS BANK situated at PALAI KERALA- RTGS-HO?
IFSC Code of AXIS BANK situated at PALAI KERALA - RTGS-HO is

UTIB0000616

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.