Axis Bank Mulund branch located at Maharashtra state, Greater Mumbai district, Mumbai, and branch Address is Konark Darshan,New Survey 1000,Cts No.1195, Zaver Road,Mulund(W), Branch Contact numbers 400080 IFSC Code is UTIB0000108 Branch code is 000108 last six characters of the IFSC Code.
What is IFSC Code UTIB0000108?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.
IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.
All India Banks IFSC Codes available at ifscfinder.com
What is MICR Code 400211016?
Magnetic ink character recognition (MICR)
- The code consists of 11 Characters : (UTIB0000108) 11 alpha numeric characters code assigned by Reserve Bank of India to Axis Bank Mulund Branch
- First 4 characters represent the entity (UTIB0000108)
- Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0000108)
- Last 6 character denotes the branch identity (ICIC0000108)
is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too.
The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 400211016 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.
All India Banks MICR Codes available at ifscfinder.com
What is Swift code?
Swift code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank.
These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.
The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
- First 4 characters - bank code (only letters)
- Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
- Next 2 characters - location code (letters and digits) (passive participant will have '1' in the second character)
- Last 3 characters - branch code, optional ('XXX' for primary office) (letters and digits)
Currently, there are over 7,500 'live' Swift codes. The 'live' codes are for the partners who are actively connected to the Swift network. On top of that, there are more than 10,000 additional codes, which are used for manual transactions. These additional codes are for the passive participants.
The registrations of Swift Codes are handled by Society for Worldwide Interbank Financial Telecommunication ('SWIFT') and their headquarters is located in La Hulpe, Belgium.
SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adele 1, B-1310 La Hulpe, Belgium.
World wide Banks Swift Codes or BIC Codes available at swiftcodefinder.com
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