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 Nagala Parkkolhapur Kolhapur Branch IFSC/MICR Code Details
Bank Name AXIS BANK
Address GR FL OFFICE NO1A FRONT SIDE RS NO 250B27B NEAR RAJHANS PRINTING PRESS NAGALA KOLHAPUR 416003
State MAHARASHTRA
District KOLHAPUR
Branch NAGALA PARKKOLHAPUR
IFSC Code UTIB0003014
Branch Code 003014 (Last six characters of IFSC code represent Branch code.)
MICR Code 416211005
Contact Phone 9198817141
via https://bankingzone.in/ifsc

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