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 Khandwa Road Indore Indore Branch IFSC/MICR Code Details
Bank Name AXIS BANK
Address UPPER GROUND FLOOR LIBRA CYENA TOWER 9 10 RANI BAG KHANDWA ROAD INDORE 452 020
State MADHYA PRADESH
District INDORE
Branch KHANDWA ROAD INDORE
IFSC Code UTIB0003152
Branch Code 003152 (Last six characters of IFSC code represent Branch code.)
MICR Code 452211024
Contact Phone 9179427074
via https://bankingzone.in/ifsc

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