IFSC Code, MICR Codes for AXIS BANK in MAHARASHTRA - HINGOLI - BASMATH - BASMATH

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


IFSC Code

UTIB0002631

MICR Code

431211501

Branch

BASMATH

Contact

9423135734

Address

GROUND FLOOR MAMA CHOWK MAIN ROAD BASMATH HINGOLI MAHARASHTRA PIN 431512

City

BASMATH

District

HINGOLI

State

MAHARASHTRA





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

UTIB0002631

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.