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Axis Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Axis Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'UTIB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Axis Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Axis Bank branch. If you are looking for online IFSC Code of Axis Bank you can find here in Goodreturns.

State Wise Axis Bank IFSC & MICR Code

About Axis Bank

Axis Bank was formerly known as UTI Bank. It is the third largest private sector bank in the country, behind ICICI Bank and HDFC Bank.

The Bank to begin with had a number of promoters. Among them was the Specified Undertaking of Unit Trust of India, which today is known as SUUTI.

Apart from this it was promoted by a host of prominent insurance companies, which are owned by the Government of India. Among these include the Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.

Today, a host of individuals and prominent foreign portfolio investors have a stake in Axis Bank.

Rapid expansion by Axis Bank

Axis Bank has seen superb growth in branches and business over the years. Today, if we need to remit money to Axis Bank branches, we need the IFSC Codes for Axis Bank.

You can find the same by using our user friendly website. Axis Bank has chalked out rapid growth in the last few years.

The bank's financials have been impressive in the last many years. The bank had a a balance sheet size of around Rs 4,61,932 crores as on March 31, 2015, which may have already swelled.

The asset quality at Axis Bank has been much better, though some of the other banking sector peers are seeing a huge deterioration in the asset quality.

All You Need To Know About Axis Bank IFSC Code

The IFSC code of Axis Bank is a peculiar 11-character alphanumeric code that helps to identify particular bank branches.

Axis Bank account holders use Axis Bank's IFSC Code to send / transfer funds electronically via NEFT / RTGS / IMPS services. Account-holders of Axis Bank are mandated to use the correct IFSC Code of their particular branch to initiate a fund transfer. On this page of the Goodreturns.in website, Axis Bank account holders can check for their branch's Axis Bank IFSC code. You can check for the Axis Bank IFSC code here by providing inputs such as your state, city and branch under "Axis Bank IFSC Code" at the top of this page. You can also find the IFSC code of some of the top trending branches of Axis on this page. Axis Bank branch specifics and address can also be found with the aid of your IFSC code on this page. Indian Financial System Code is the full form of the IFSC. For each branch of Axis Bank, the Reserve Bank of India has allocated this specific code. The IFSC code makes the transfer of funds electronically. Now, as per RBI regulations, Axis Bank customers can transfer their funds online on a 24x7 basis. 

Format of Axis Bank IFSC Code

Bank names are represented by the first four characters of the Axis Bank IFSC code, while the fifth character is zero. The following 6 characters of the Axis Bank IFSC code are specific and allocated to each Axis Bank branch. Thus, the Axis IFSC code has three parts.

  • The name of the bank is represented by the first four characters of the Axis Bank IFSC code
  • The fifth character is zero and is placed for the potential use by the Reserve Bank of India.
  • A specific Axis Bank branch code is seen in the last six characters. And the last 6 characters are different for all the branches of Axis Bank.   

4 Different Ways To Initiate Fund Transactions Using Axis Bank IFSC Code

Axis Bank provides two mechanisms by which interbank fund transactions can be rendered to any bank account in India by customers. These options are provided on the Axis Bank website under the Fund Transfer Banking tab. Every Axis Bank customers are allowed to transact cash using NEFT and RTGS transfers to any beneficiary across India. As per the RBI guidelines, all RTGS and NEFT transactions can be performed on stable and secure platforms. You can now, from the convenience of your home or office, transact money between two accounts through different banks. The following strategies make it practical.

Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS), as the name implies, is a means of instant electronic money transfer between banks. It can be managed from your home at any time 24x7 eliminating the bother of going to the bank and waiting in long crowd of lines. Using their mobile number provided to the bank and the specific Mobile Money Identifier (MMID) issued by the bank, customers can send and receive money via IMPS. IMPS is, thus, usually divided into two parts i.e.

  • MPS funds transaction with registered mobile number and MMID
  • IMPS fund transaction with your Account Number & IFSC Code and IMPS Merchant payments (P2M).

Online banking, using the account number of the recipient and the IFSC code of its bank branch, are several methods of performing fund transfers. In addition to instant credit, it needs no paperwork and can be achieved with an internet access from any location as per your convenience.   

Instant Money Transfer (IMT)

Instant Money Transfer is among the most preferred money transfer services that allows you to use your registered mobile phone number only to transfer funds to a recipient. With or without swiping a credit / debit card, the recipient can take out money from any Axis Bank ATM. The recipient receives all the information required for withdrawal on his / her phone. IMT's significance is immense since it can be used if the beneficiary prefers to use cash, desperately needs cash or does not have his or her own bank account with a particular bank. This strategy is also effective when you do not have the bank account number of the other side and no matter where the recipient is.

Power Transfer

Everything you need to render transfer of cash is to register the account details for your recipient through Axis Bank Net Banking facility. Your task is not over yet, sign in to your Net Banking Account at Axis Bank. Tap on 'Payments' and tap on 'Transfer Funds'. Via the 'Add Beneficiary' option, you can record the account number of the recipient and other specifics.  This will take up to 8 hours to trigger. Choose the beneficiary addressed until it is triggered and select 'Begin Payment'. This is what you all need to do to render fund transfer to your beneficiary. Hey, no bother. Only pick and do the same procedure for the specific account in case you have multiple accounts linked together.      

VISA Money Transfer

The transfer facility of the Axis Bank fund is also blessed with Visa-enabled facilities to settle every bank's Visa Credit Card bills accordingly. You can also do this by using your Visa Debit Card number to transfer money to another account. Online retrieval of the Visa Money Transfer facility is also available. Go to the dashboard of the bank and log in to i-Connect. You can use this to pay bills as well as monitor the operation. Visa Money Transfer is largely based on the time taken to make the deposit by the Bank of the Recipient. It normally takes up to four days for the transaction to settle.

Specifics you need you required to make fund transfer using any of the above-mentioned methods

Customers need to provide the information below when making a NEFT or RTGS transaction with Axis Bank:

  • Amount to be transferred to the beneficiary
  • Account number of the beneficiary
  • Name of the bank of the beneficiary at which he / she has maintained a bank account
  • Name of the beneficiary as per the bank account
  • Bank account number of the beneficiary
  • IFSC Code of the receiver’s bank branch     

What is the difference between Axis Bank NEFT, RTGS and IMPS?

IFSC was built by RBI to simplify the mechanism of fund transfer in India. While transferring funds, you do want to make sure that your money was transferred to the right bank. It is necessary to note the right IFSC of the receiver 's bank to ensure this. Therefore, the IFSC plays an important role in the error-free and faster execution of fund transfers. There is no need to wait in line for hours to transfer cash with the introduction of net banking and mobile banking now. Just  enter the correct IFSC of the bank of the sender and receiver and conduct the transaction. India has many payment structures, both gross and net settlement mechanisms, are included. These payment mechanisms have taken an advantage over conventional banking approaches with the advent of online banking in India. Today, only by registering with these payment systems, one can conveniently transfer cash to any part of the globe.

NEFT

  • Launched by the RBI, it is an electronic money transfer process. NEFT Payment can be done simply through online banking measures or by visiting the bank branch physically.
  • NEFT is focused on a process which is known as DNS (Deferred Net Settlement), which runs in hourly batches beginning at 00:30 and finishing at 00:00.
  • Unlike RTGS, except on weekends and bank holidays, NEFT runs around the clock.

RTGS

  • RTGS is a real-time nationwide payment mechanism where funds are transferred in real-time. This method of fund settlement mechanism is generally designed for high-value fund transfers.
  • In the context of RTGS, the transferred amount is irrevocable once the transaction is initiated or completed
  • As the RTGS is managed by the RBI, the fund transfer is thus secured and hassle-free through RTGS.

IMPS

  • IMPS is an instant money transfer mechanism that uses mobile phones as a means to transfer interbank funds.
  • The NPCI introduced IMPS and it is premised on the National Financial Switch (NFS)
  • IMPS functions in real-time and operates around the clock even on bank holidays.

Ways to locate Axis Bank IFSC Code

A visit to the online IFSC page created by Goodreturns.in is one of the ways to find the Axis Bank IFSC Code & MICR Code. Go to the page and select the state, city, bank and branch for which you are willing to locate IFSC Code. After submitting all the details you can find the IFSC Code along with all the relevant details on the same page instantly. Additionally, you can also find the IFSC and MICR Code of any bank or branch by visiting the official website of RBI. Apart from these, the following methods for locating the Axis Bank IFSC Code can also be considered.

Axis Bank Cheque Book: One can search his / her bank branch's IFSC code that is printed on the Axis Bank's issued cheque book. We can see that, at the top of the cheque slip, the IFSC is printed.

Axis Bank Passbook: Customers are issued a passbook while opening an account with Axis Bank, in which all transactional activities are listed. In order to look for the Axis Bank IFSC Code, one can use his or her passbook. 

Online Banking Facilities: Digital banking mechanisms have made banking much easier, quicker, and smarter. Thus, to access the IFSC, one can use the Axis Bank Net Banking facility or the Axis Bank Mobile Banking facility.       

Axis Bank MICR Code

Magnetic Ink Character Recognition (MICR) is essentially a method used on cheques to print these codes. A unique 9-digit MICR Code is issued to each bank branch in India that enables the RBI to identify all bank branches and enhance the mechanism of cheque clearance. 

Instances of Axis Bank MICR Code

  • Banka, Bihar: 813211002
  • Chirang, Assam: 783211503

How can I locate Axis Bank MICR Code?

By following the below-mentioned ways one can find the MICR code of his or her respective branch:

  • Axis Bank Cheque Book: You can locate the MICR Code of your bank branch on the cheque book issued to you by the bank. You can find the MICR code at the bottom of the cheque leaf.
  • Axis Bank Passbook: Customers are issued a passbook while opening an account with Axis Bank, in which all banking activities are identified. In order to search for the AXIS Bank MICR Code, one can use the passbook.
  • Online banking services: Online banking services have made banking much easier, quicker, and smarter.  Therefore, to get the MICR code, one can use the AXIS Bank net banking service or the AXIS Bank Mobile banking service.

Axis Bank IMPS

The Axis Bank Immediate Payment Service (IMPS) facility allows all account-to-account fund transfers in an instant manner. All customers of the bank can use the IMPS facility to transfer funds electronically on a 24/7/365 basis. Via different platforms, including net banking, ATMs, and mobile banking, funds can be sent and received using IMPS. You can use your mobile number, MMID, account number and IFSC or Aadhaar number to conduct transactions. IMPS is a stable, quick, economical and efficient real-time electronic fund transfer platform. The framework is operated by the Indian National Payments Corporation (NPCI) and comes under the regulation of the Indian Reserve Bank (RBI). Compared to other forms of fund transfer mechanisms such as NEFT or RTGS, IMPS has significant advantages. 

Procedure to register of Axis Bank IMPS

All account holders of Axis Bank are allowed to use IMPS in order to initiate fund transfer via net banking and mobile banking service. The account holder must ask the bank for an internet banking username and password to register for IMPS. The phone number needs to be registered with the bank for mobile banking services. 

How to transfer funds using Axis Bank IMPS via net banking with IFSC?

  • Visit Axis Bank net banking portal and log in to your account using username and password
  • Select the ‘Transfer Funds’ option and then head to the ‘Other Bank Account’ tab
  • Now select ‘Make Payment’ under the transfer funds menu
  • From the available list, select the registered beneficiary. The identity will not be displayed in the payee list if you have not registered the beneficiary.
  • Click on the ‘Pay Instant (IMPS)’ option and enter the amount that you are willing to transfer
  • Now select the account from which money has to be debited and then verify the submitted details
  • Once done confirm the transaction and click ‘Transfer’
  • By providing the login ID, password and ‘NETSECURE’ code the transaction will have to be validated
  • Now approve the ‘Terms & Conditions’ and click on ‘Validate’
  • Once the transaction is successfully processed a confirmation message will be sent to your mobile number via SMS   

Steps to transfer funds using Axis Bank IMPS via Axis Mobile with IFSC

  • Open the Axis Bank mobile app in your mobile and sign in your mobile banking account using user id and password or respective MPIN.
  • Now head to the ‘Transfer’ section and tap on ‘Pay to another non-Axis Bank account’
  • Now select the ‘Beneficiary Name’ and enter the amount that you need to transfer. (Note: to add the payee he or she has to be registered).
  • Now select ‘Instant IMPS’ and proceed further
  • Once the transaction is completed, you will get a successful message on your registered mobile number or email.

Steps to transfer funds using Axis Bank IMPS using MMID via Axis Mobile app

  • Open the Axis Bank mobile app in your mobile and login to your account by entering MPIN
  • Select the ‘Transfer’ option and head to ‘Mobile Beneficiary (P2P), and tap on ‘Add’
  • Now enter the required details of the beneficiary such as number and MMID in order to register the beneficiary.
  • Now tap on ‘Transfer’ and select the beneficiary 
  • Now enter the amount that you want to transfer to the beneficiary and confirm the transaction
  • Proceed further and you will get a successful message on your mobile number via SMS, once the transaction is completed.    

Steps to transfer funds using IMPS via Axis Bank ATM

An IMPS transfer through an Axis Bank ATM can also be facilitated by Axis Bank customers. As per protocol, the applicant must first enter the recipient 's details and then transfer the funds.

Add beneficiary

  • Visit your nearest Axis Bank ATM and insert your debit card at the card slot
  • Now tap on ‘Fund Transfer’ and select ‘IMPS’
  • Now tap on  “Registration” and enter your registered mobile number
  • Now an OTP will be generated in your mobile number, re-enter your mobile number, verify the OTP and you are done.

IMPS Transfer process

  • Visit your nearest Axis Bank ATM and insert your debit card at the card slot
  • Now tap on ‘Fund Transfer’ and select ‘IMPS’
  • Now enter the MMID and mobile number of the recipient
  • Now select the type of account and enter the amount that you need to transfer
  • Now tap on ‘Confirm’ and a successful message will be sent to both the remitter and recipient once the transaction is complete.

How to use Axis Bank IMPS at merchant stores?

The customers of Axis Bank will also have the merchant's details and then transfer the fund. Follow the steps listed below to execute a transaction at a merchant shop using IMPS:

  • Open the Axis Bank mobile banking app in your mobile and log in to your account.
  • Tap on the “Fund Transfers” option and select “IMPS merchant payments”.
  • Now specify the MMID and the mobile number of the merchant 
  • Enter the billing amount and then enter your MPIN
  • Confirm the transaction and you are done.    

Specifics required of the payee to use Axis Bank IMPS

In order to enable the transfer of the Axis Bank IMPS fund, the account holder must enter the beneficiary's details first. The remitter can then choose to enter either the MMID or registered mobile number, the IFSC code and account number, or the recipient's Aadhaar card number while rendering the transfer. 

IFSC code: The holder of the Axis Bank account can even transfer money to the recipient by specifying his or her account number and the bank's IFSC code. The IFSC code helps to identify the branch of the bank in which the receiver maintains his or her account. The following specifics will need to be specified in order to initiate a fund transfer using IFSC code.

Name, IFSC code and account number of the payee

MMID and registered mobile: A specific seven-digit number issued to every account holder to either transfer or receive funds is the Mobile Money Identification number. The bank's unique code is the first four digits of an MMID. If you opt to make fund transfer using MMID then you need to enter the registered mobile number of the payee or recipient. The following details of the recipient must be entered to initiate a transfer using MMID.

Name, mobile number and MMID of the beneficiary

Aadhaar Card: As the recent change to the IMPS, account holders can allow transfers by merely entering the recipient's Aadhaar card number as the Aadhaar card number is linked to the recipient's bank account.      

Axis Bank New NEFT Timings

At Axis Bank, there are many methods by which money can be quickly transferred electronically. One such form of transferring the funds is NEFT, i.e. National Electronics Fund Transfer. The NEFT service is accessible at more than 99 banks in India nationally. Axis Bank is among the banks providing its account holders with the NEFT service. But, prior to rendering any transfer using the aforementioned facility, one should be informed of the Axis Bank NEFT Timings. The bank also charges some fees for NEFT transfers. Axis Bank had to change its working hours after the lockdown and transiently terminate non-essential services as well. Nevertheless, the bank resumed its regular operational hours in August, i.e. from 10 a.m. to 4 p.m. All amenities, namely non-financial services, such as passbook updating, will be accessible at the branch during the bank's standard working hours. And when branch offices are open, account holders must obey the social distancing laws and unless strictly required, they must not visit the bank. Axis Bank Mobile Banking can be used by account holders to take advantage of banking facilities. The primary objective of preventive measure steps is to prevent physical interaction and reduce the likelihood of spreading the deadly virus COVID.     

Between 8:00 AM to 6:30 PM from Monday to Saturday (except 2nd & 4th Saturdays) NEFT transactions are processed in Axis Bank and its respective branches. Banks will not levy any service charges, as instructed by the Reserve Bank of India (RBI), on the transfer of funds electronically via the NEFT framework. Customers can therefore use Axis Bank Net-banking for free and trigger NEFT transactions. The NEFT allows a person, company, or corporation to transfer funds electronically from either bank branch to another individual, corporation which has an account in another branch. It enables the transfer of funds one by one. It is a payment mechanism that is commonly accepted. An account holder can make NEFT transfers at the following times, according to the Reserve Bank of India (RBI) Regulations:

  • The fund transfer request is settled on a half-hourly basis under the NEFT framework. Across all working days of the week (except for the 2nd and 4th Saturday of the month), there are around twenty-three half-hour settlement that operate from 8 am to 7 pm respectively. 
  • If the transaction is made on these days, the amount will be transferred on the next working day but will be deducted on the same working day under NEFT. 
  •  The settlement is conducted in a branch on a half-hourly basis under the NEFT facility. Within  23 half-hour settlements are done in batches per day under NEFT. 

Benefits of Axis Bank NEFT

NEFT transactions can be carried out by all Axis Bank account holders under defined Axis Bank NEFT timeframes. Banks also have a direct cash transfer alternative from the branch which can be done by filling in the NEFT form of Axis Bank. If the sender has not enabled mobile banking or net banking services, an offline transaction can be carried out. In that case, you will need to visit the nearest branch of Axis Bank in order to make fund transfer via NEFT. NEFT transfers can be carried by the sender only to the beneficiaries of the NEFT authorized bank. To search the list of NEFT allowed banks, check the Reserve Bank of India's official website. These are the factors why NEFT is pretty prevalent and commonly used in the country as a means of fund transfer. Some of NEFT's main advantages are as follows:

  • A remitter does not require to visit his or her nearest bank branch to submit cheque or Demand Draft in order to make fund transfer.
  • Convenient and hassle-free mode of fund transfer
  • Seamless and secure transfer method, no chance of burglary or misuse,
  • Affordable and require less effort
  • Minimum documentation
  • Get notification of confirmation (SMS) within two hours from the time of transaction.
  • Real-time fund transfer method

You can comply with the Axis Bank account NEFT transaction by using any of the following means:

  • Mobile banking
  • Internet Banking
  • Visiting your nearest Axis Bank Branch

Steps to use Axis Bank NEFT

One of the easiest and user-friendly methods to transfer funds online to another account is to use Axis NEFT online. The most frequent form of fund transfer is NEFT. In the defined Axis Bank NEFT Timings, any account holder can use the NEFT Facility. If any transfer is made after the above schedule or on bank holidays, the balance will be expressed in the account of the beneficiary on the next working day. The measures for conducting the NEFT transaction from the Axis account are as follows:

  • Sign in to your Axis Bank Internet banking or mobile banking account using the required credentials i.e. Username and Password.
  • Opt the “Transfer Funds” option and select NEFT.
  • Now under the Add/ Manage Beneficiary section, add the required details of the beneficiary such as beneficiary name, account number, and IFSC Code of the branch and so on.
  • Now select the account from which you want to debit the fund
  • Submit the request and a transaction reference number will be generated instantly
  • Once the transaction is successfully completed you as well as the beneficiary, will get an SMS confirmation for the same.

Axis Bank NEFT Charges

National Electronic Fund Transfer (NEFT) is the fund transfer facility provided by Axis Bank to its customers. By registering for an internet banking service, the NEFT service can be availed from Axis Bank. The NEFT facility is offered to all customers. And for NEFT transactions facilitated online via internet banking or mobile banking by Axis Bank, there are no charges imposed by the bank. So, one has to be mindful of the Axis Bank NEFT charges before making any transaction. Axis Bank does not levy charges on NEFT and RTGS transactions conducted online via internet banking or a mobile banking app, as directed by the Reserve Bank of India (RBI). However, on NEFT transactions made by the customer at the bank branch, a nominal amount is charged which are as follows:

  • For an amount up to Rs.10000: Rs.2.5 per transaction
  • For Rs.10000 – Rs.1 Lakh: Rs.5 per transaction
  • For Rs.1 Lakh – Rs.2 Lakh: Rs.15 per transaction
  • Above Rs.2 Lakh: Rs 25 per transaction

Note: Remember that where applicable to a NEFT transaction, Axis Bank can impose GST charges and other taxes. For each NEFT operation carried out by the account holder, the above costs are to be charged.  

Axis Bank MMID

Established in 1993, Axis Bank is one of India's leading private sector banks, providing a variety of mobile banking and internet banking services to its customers. Axis Bank consumers can perform different banking practises quickly and conveniently with the use of mobile banking services and at their own comfort. Axis bank customers can use a new era of money transfer alternative called the IMPS with the use of mobile banking. IMPS stands for Immediate Payment Service which with the aid of mobile banking, is a unique way to transfer money from one account to another account. All Axis Bank account holders can take advantage of the service. IMPS is an automated interbank service offered by Axis Bank to its customers. Here are the main advantages of this service:

  • Real-time money transfer, because the account is paid with money instantly.
  • Throughout the year, including Sundays and even bank holidays, the service is open 24/7.

Using their account number and IFSC code, Axis bank customers can use the IMPS facility to transfer funds either via their mobile number and Mobile Money Identification (MMID) number or through internet banking. Transferring money is nothing but using NEFT or RTGS by using account number and IFSC code, while transferring money is something different with the aid of mobile number and MMID number, so let us know how it functions precisely. 

What do you mean by MMID?

MMID refers to Mobile Money Identification number. The MMID is a specific 7-digit number given by the bank to customers as they enroll their mobile phone number for mobile banking service. An MMID code is used for the efficient sending and receipt of money banking transactions. While doing interbank fund transactions, this number is used. Please keep in mind that it is advantageous if both the sender and the receiver are enrolled with the mobile banking service and have an MMID code. But you can even receive money in your account if you don't have the MMID number. Below are the requirements for Axis bank customers to transfer funds using their mobile and MMID numbers:

  • Registered mobile number with the bank of the beneficiary.
  • MMID number of the beneficiary. MMID Beneficiary Number. It is necessary to have an MMID number and to do mobile to mobile banking if you really want to. If the receiver does not have his/her MMID number, he/she must collect his/her MMID number from his/her bank and then only the transfer of the fund can be undertaken.   

Procedure to know Axis Bank MMID number

You do not need to panic if you did not obtain your MMID number while registering your mobile phone number for mobile banking, or if you missed or forgot your Axis Bank MMID number, as Axis Bank offers a simple way to recover your MMID number. To get your MMID number, you only need to send an SMS as described below.

  • Type MMID and send it to 5676782 from your registered mobile number
  • The MMID number will be sent to your registered mobile number within 24 hours once the SMS is successfully sent.
  • Your MMID number can also be accessed from the mobile banking service i.e. Mobile Banking App of Axis Bank.
  • The MMID number can be generated from the 'Generate MMID' option, available under the' Requests' section of the Axis Bank Mobile App.
  • Furthermore, as long as you now have all the banking services at your fingertips on your mobile phone, you don't have to wait in queues anymore. Thus, banking operations have become simpler and faster with technological innovations of Axis Bank and other banks too.  

How does IMPS work?

IMPS calls for Immediate Payment Service. The Government of India initiated this facility in 2010 and is managed by the National Payment Corporation of India (NPCI). It conducts every transaction immediately, as the title implies. Using his registered mobile number, IMPS enables the consumer to make payments. The transfer of funds from one account to another is also a safe process. The awesome feature about IMPS is that, irrespective of national and bank holidays, it is available around the clock and throughout the year. Almost every Indian bank is a participant of the IMPS system at present. When you transfer funds to someone via IMPS, the authorized mobile number directs the customer to his bank account. IMPS does not transfer the amount directly to the receiver's bank account, unlike RTGS and NEFT. It transfers the balance from the account of the customer instead and credits it to their mobile number. Then, the amount is transferred from the mobile number of the sender to the mobile number of the recipient. Ultimately, the balance is "transferred" from the mobile number of the beneficiary to the associated bank account.   

Axis Bank Credit Card IFSC Code

The Axis Bank IFSC credit card code is primarily used by National Electronic Funds Transfer to pay for an unpaid credit card bill. At the click of a mouse, a cardholder can conveniently use this unique code to trigger an online payment. The Indian Financial System Code is an alphanumeric code of 11 digits and is also known as the IFSC. UTIB0000400 is the Axis Bank credit card IFSC code. The first 4 digits are reflective of the bank name in this code, and the digit after that is '0'. The zero is set for potential use, while the branch code is denoted by the last 6 digits. 

Steps to pay credit card bill using IFSC Code

Using the NEFT system for which IFSC is a necessity, even those who do not have an Axis Bank savings account would be able to make credit card bill payments. The steps involved are listed below:

  • Sign in to your Axis Bank net banking account and register your credit card as a beneficiary.
  • To add your credit card as a beneficiary you will have to enter the beneficiary name, branch address, Axis Bank credit card IFSC code (UTIB0000400), credit card number etc.
  • Once done, select NEFT as the transfer mode and opt the card from the list of beneficiaries
  • Enter the billing amount and confirm the transaction    

 

 

 

 

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