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 Margao Goa South Goa Branch IFSC/MICR Code Details
Bank Name AXIS BANK
Address SHOP 1,2,3 GARDEN VIEWPADRE MIRANDA ROAD ,MARGAO SALCETE
State GOA
District SOUTH GOA
Branch MARGAO GOA
IFSC Code UTIB0000121
Branch Code 000121 (Last six characters of IFSC code represent Branch code.)
MICR Code 403211002
Contact Phone 0
via https://bankingzone.in/ifsc

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