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What is Axis bank IFSC Code and its Uses?

  1. Introduction:
  2. Axis bank is the 3rd largest private sector financial institution providing quality and secure banking services for their account holders in India. 43% of total shares of Axis bank are owned by the foreign institutional investors and 34% of shares are hold by the promoters like (LIC, GIC, UTI) which are controlled by government of India and remaining 23% are hold by the corporate bodies.

    axis bank ifsc code and its uses

  3. Axis bank services:
  4. Being a private sector bank, Axis bank introduced many advanced and secure online facilities for their customers. Moreover they have introduced mobile application for major operating systems like android, windows, Apple and blackberry. This helps the customers to access their banking through their handy device.

  5. What is Axis bank IFSC Code?
  6. There are 3120 axis bank branches are established by the bank in India. All the branches of axis bank are monitored by the Reserve Bank of India (RBI). For that purpose RBI has issued unique 11 digit alphanumeric code for for all the branches of axis bank in India. IFSC code is unique code. For Axis Bank IFSC code looks like UTIB0XXXXXX. First 5 digits are common for all the branches and last 6 digits are branches code which will differ for every branch.

  7. Uses:
  8. Axis bank IFSC Code is used by the banks for transferring funding between inter and intra banks. There are three different types of fund transfer modes are used by the Axis bank. NEFT, IMPS, and RTGS. To know more about axis bank and their services visit official website of axis bank: