Axis Bank
THE KANAKAMAHALAKSHMI CO OP BANK BRANCH
+918912574646
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 KANAKAMAHALAKSHMI CO OP BANK
branch of Axis Bank, the code UTIB0STKCBL 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 UTIB0STKCBL 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 KANAKAMAHALAKSHMI CO OP BANK
Payment Systems Supported by UTIB0STKCBL
| 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—530528002—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 VISAKHAPATNAM typically follows the RBI holiday calendar. Digital transfers via UTIB0STKCBL 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 UTIB0STKCBL is the valid code for THE KANAKAMAHALAKSHMI CO OP BANK at VISAKHAPATNAM, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
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Branch Context
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Platform Links
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- • IFSC Finder v2.0
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