Axis Bank
THE MULGUND URBAN SOUHARDA COOP BRANCH
+918372280125
Related Branches
Understanding IFSC Code: The Digital DNA of Axis Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the THE MULGUND URBAN SOUHARDA COOP
branch of Axis Bank, the code UTIB0SMUSCB ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the UTIB0SMUSCB Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"UTIB" represents Axis Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for THE MULGUND URBAN SOUHARDA COOP
Payment Systems Supported by UTIB0SMUSCB
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—582884002—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Axis Bank in MULGUND typically follows the RBI holiday calendar. Digital transfers via UTIB0SMUSCB for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While UTIB0SMUSCB is the valid code for THE MULGUND URBAN SOUHARDA COOP at MULGUND, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
- • THE MULGUND URBAN SOUHARDA COOP Contact
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Platform Links
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- • IFSC Finder v2.0
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