What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Axis Bank Sangam Chowk Surguja Branch IFSC/MICR Code Details
Bank Name AXIS BANK
Address AXIS BANK LTD, NEAR SANGAM CHOWK, BHARAM ROAD
State CHHATTISGARH
District SURGUJA
Branch SANGAM CHOWK
IFSC Code UTIB0003725
Branch Code 003725 (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 223303
via https://bankingzone.in/ifsc

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