Axis Bank SAKET-NEW DELHI IFSC Code

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT system in India.

• The first four characters (UTIB) identify the bank.
• The fifth character (0) is reserved and usually zero.
• The last six characters (000160) identify the branch.

For example, UTIB0000160 is the IFSC code for Axis Bank SAKET-NEW DELHI branch in NEW DELHI. This IFSC code is used for NEFT, RTGS, IMPS and online banking transactions.