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Axis Bank · Medak

UTIB0000687: Axis Bank, Patancheru

IFSC code UTIB0000687 belongs to the Patancheru branch of Axis Bank in Medak, Andhra Pradesh. Its MICR code is 500211017.

IFSC
UTIB0000687
MICR
500211017
Bank
Axis Bank
Branch
Patancheru
District
Medak
State
Andhra Pradesh

Branch address

Axis Bank
D.No.9-131 To133, Old No. 1-26/1, N.H.9, Patancheru 502 319 Dist. Medak, Andhra Pradesh

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

UTIB is Axis Bank's bank code, the fifth character 0 is kept for future use, and 000687 is the code of the Patancheru branch. In the MICR code 500211017, 500 is the city, 211 the bank and 017 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Axis Bank's Patancheru branch (Medak, Andhra Pradesh) is UTIB0000687.

  2. 500211017. MICR is printed at the bottom of the branch's cheques.

  3. D.No.9-131 To133, Old No. 1-26/1, N.H.9, Patancheru 502 319 Dist. Medak, Andhra Pradesh

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC UTIB0000687 with the beneficiary's account number.

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