Axis Bank, POWAI, MUMBAI Branch IFSC Code

The IFSC code UTIB0NEARBY is assigned to Axis Bank, POWAI located in MUMBAI, MAHARASHTRA. This code is required for electronic fund transfers like NEFT, RTGS, and IMPS transactions.

✓ NEFT ✓ RTGS ✓ IMPS ✓ UPI

Bank Details

Bank Name Axis Bank
IFSC Code UTIB0NEARBY
Branch Code NEARBY
Branch POWAI
City MUMBAI
District MUMBAI
State MAHARASHTRA
Address GROUND FLOOR, HIRANANDANI GARDENS, CETTM, MTNL, TECHNOLOGY STREET, POWAI, MUMBAI, MAHARASHTRA, 400076 Maps

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Understanding IFSC and MICR Codes

What is IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code used to identify bank branches in India. It is essential for electronic fund transfers through NEFT, RTGS, and IMPS systems.

UTIB Bank Code
0 Reserved (0)
NEARBY Branch Code

What is MICR Code?

MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. It helps in faster processing of cheques through automated reading.

When to Use These Codes?

  • NEFT Transfer: Use IFSC code for National Electronic Funds Transfer (available 24x7)
  • RTGS Transfer: Use IFSC code for Real Time Gross Settlement (for amounts ≥ ₹2 lakhs)
  • IMPS Transfer: Use IFSC code for Immediate Payment Service (instant transfers)
  • Cheque Processing: MICR code is printed on cheques for automated clearing

Frequently Asked Questions

IFSC Code UTIB0NEARBY is the Indian Financial System Code assigned to Axis Bank, POWAI branch in MUMBAI, MAHARASHTRA. This 11-character code uniquely identifies this bank branch in India's electronic payment systems.

This branch is located in MUMBAI, MUMBAI, MAHARASHTRA. The full address is: GROUND FLOOR, HIRANANDANI GARDENS, CETTM, MTNL, TECHNOLOGY STREET, POWAI, MUMBAI, MAHARASHTRA, 400076

The branch code is NEARBY. This is the last 6 characters of the IFSC code that uniquely identifies this specific branch of Axis Bank.

This branch supports the following electronic fund transfer services:

  • NEFT - Available
  • RTGS - Available
  • IMPS - Available
  • UPI - Available

To use this IFSC code for fund transfers:

  1. Log in to your bank's internet banking or mobile app
  2. Navigate to fund transfer section (NEFT/RTGS/IMPS)
  3. Enter the beneficiary's account number
  4. Enter IFSC Code: UTIB0NEARBY
  5. Verify the bank and branch details auto-populated
  6. Complete the transfer
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