IFSC Code UTIB0000557 - Axis Bank-MVP COLONY-Visakhapatnam
| Detail | Information |
|---|---|
| IFSC Code | UTIB0000557 |
| Bank Name | Axis Bank |
| Address | PLOT NO 4, 1ST FLOOR, SECTOR 10, MVP COLONY, VISAKHAPATNAM, 530 017 |
| District | Vishakapatnam |
| State | ANDHRA PRADESH |
| Branch | Mvp colony |
| Contact | +918142205571 |
| Centre | Available |
| IMPS | Available |
| UPI | Available |
| MICR | 530211004 |
| RTGS | 1 |
| NEFT | Not Available |
| ISO3166 | IN-AP |
| Bankcode | UTIB |
Overview of UTIB0000557
The IFSC code UTIB0000557 is associated with the Visakhapatnam MVP COLONY Branch of Axis Bank. Located in the bustling city of Visakhapatnam, ANDHRA PRADESH, this branch is one of the many Axis Bank branches that cater to the banking needs of the local residents. The code "UTIB" in UTIB0000557 represents Axis Bank Bank, while 0000557 signifies the unique branch code for MVP COLONY.
Significance of IFSC Code for Banking Transactions
The importance of the IFSC code, like UTIB0000557, for the MVP COLONY Branch, cannot be overstated. It acts as an address that identifies both the Axis Bank and its specific branch in Visakhapatnam. This ensures that when you're transferring money or setting up a beneficiary for future transactions, your funds are directed to the correct bank branch. Without the IFSC code, the chances of errors in electronic fund transfers would be significantly higher, leading to potential financial losses and administrative hassles.
Deep Dive into UTIB0000557
The IFSC code UTIB0000557 is not just a random combination of letters and numbers. It holds significance in the banking world, especially for those who bank with Axis Bank in Visakhapatnam. Let's break down the details:
- IFSC Code (UTIB0000557): This unique code is essential for electronic fund transfers. The first four characters "UTIB" represent the bank's name, Axis Bank. The last six characters "0000557" are a unique identifier for the MVP COLONY branch.
- Bank Name (Axis Bank): One of [country]'s leading banks, Axis Bank offers a wide range of banking products and financial services to its vast customer base.
- Address (PLOT NO 4, 1ST FLOOR, SECTOR 10, MVP COLONY, VISAKHAPATNAM, 530 017): This specific address pinpoints the exact location of the branch, ensuring that customers can easily find it for their banking needs.
- City & State (Visakhapatnam, ANDHRA PRADESH): The branch is situated in the heart of Visakhapatnam, the capital city of ANDHRA PRADESH. A city known for its [CITY_FEATURES].
- Branch (MVP COLONY): The [AREA_NAME] area in Visakhapatnam is a hub of activity, and the Axis Bank branch here caters to both individual and business banking needs.
- Phone Number (+918142205571): A direct line to the branch, this number ensures that customers can reach out for any queries, concerns, or banking assistance.