IFSC CODE DETAILS

AXIS BANK

MAJALGAON Branch

UTIB0005862

Branch Information

IFSC Code UTIB0005862
Bank AXIS BANK
Branch MAJALGAON
Address GROUND FLOOR SR NO B84, PLOT NO 24, SAMBHAJI CHOWK, MANJALGAON, DIST BEED
City MAJALGAON
District BEED
State MAHARASHTRA

Understanding IFSC Code UTIB0005862

UTIB
Bank Code
0
Reserved
005862
Branch Code
  • UTIB: identifies AXIS BANK
  • 0: reserved digit (always 0 for future use)
  • 005862: identifies the MAJALGAON branch in MAJALGAON, MAHARASHTRA

Frequently Asked Questions: UTIB0005862

What is the IFSC code of AXIS BANK MAJALGAON branch?

The IFSC code of AXIS BANK MAJALGAON branch is UTIB0005862. This code is used for NEFT, RTGS, and IMPS fund transfers to this branch in MAJALGAON, MAHARASHTRA.

What does the IFSC code UTIB0005862 mean?

UTIB identifies AXIS BANK, 0 is a reserved digit (always 0), and 005862 identifies the MAJALGAON branch. Together they form the 11-character IFSC code assigned by the Reserve Bank of India.

Where is AXIS BANK MAJALGAON branch located?

AXIS BANK MAJALGAON branch is located at GROUND FLOOR SR NO B84, PLOT NO 24, SAMBHAJI CHOWK, MANJALGAON, DIST BEED.

Can I use UTIB0005862 for NEFT, RTGS, IMPS and UPI?

Yes, UTIB0005862 is valid for all electronic transfers: NEFT (24x7, batch settlement), RTGS (real-time, minimum Rs 2 lakh), IMPS (instant, 24x7, up to Rs 5 lakh), and UPI (IFSC is used internally for bank routing in all UPI transactions). Enter this code with the account number to transfer funds to AXIS BANK MAJALGAON.

What is the MICR code for AXIS BANK MAJALGAON branch?

MICR (Magnetic Ink Character Recognition) is a 9-digit code used for cheque clearing and processing. Unlike the IFSC code used for online transfers, the MICR code is printed at the bottom of your cheque leaf using magnetic ink and is read by automated clearing machines.

Is the IFSC code UTIB0005862 still active?

Based on RBI records, UTIB0005862 is an active IFSC code assigned to AXIS BANK MAJALGAON in MAJALGAON, MAHARASHTRA. If you receive a transaction failure citing this IFSC, contact AXIS BANK directly or verify on the RBI website, as codes may be updated following bank mergers or branch relocations.

Verify Before You Transfer

Always confirm the IFSC code directly with AXIS BANK or the RBI before initiating a high-value transfer.

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