Axis Bank MAGOB, SURAT 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 (001050) identify the branch.

For example, UTIB0001050 is the IFSC code for Axis Bank MAGOB, SURAT branch in SURAT. This IFSC code is used for NEFT, RTGS, IMPS and online banking transactions.