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UTIB0003572 IFSC Code for Axis Bank Medak branch located at Telangana state, Medak district, Hyderabad, and branch Address is H.No.39871, War No 13, Golkonda Street, Medak 502110, Branch Contact numbers 222675 Branch code is 003572 last six characters of the IFSC Code.
Bank Information

Axis Bank
Phone: 1800 233 5577
email: [email protected]
Web: www.axisbank.com

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Branch Information Last updated Mar 6, 2018
IFSC: UTIB0003572
MICR: 502211502
Branch Code: 003572
City: HYDERABAD
District: MEDAK
State: TELANGANA
Address: H.NO.39871, WAR NO 13, GOLKONDA STREET, MEDAK 502110
Contact: 222675
Map Location of Hyderabad, Medak, Telangana
Medak
Medak
Medak
What is IFSC Code UTIB0003572?
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.

  • The code consists of 11 Characters : (UTIB0003572) 11 alpha numeric characters code assigned by Reserve Bank of India to Axis Bank Medak Branch
  • First 4 characters represent the entity (UTIB0003572)
  • Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0003572)
  • Last 6 character denotes the branch identity (ICIC0003572)

What is MICR Code 502211502?
Magnetic ink character recognition (MICR) 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 502211502 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.

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