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Axis Bank · Medchal

UTIB0002592: Axis Bank, Medchal

IFSC code UTIB0002592 belongs to the Medchal branch of Axis Bank in Medchal, Andhra Pradesh. Its MICR code is 500211054.

IFSC
UTIB0002592
MICR
500211054
Bank
Axis Bank
Branch
Medchal
District
Medchal
State
Andhra Pradesh
Phone
+918418220127

Branch address

Axis Bank
Hno 1 314 First Floor Main Road Medchal RR Dist Andhra Pradesh 501401

Open in a map · Pincode 501401: post offices and area

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 002592 is the code of the Medchal branch. In the MICR code 500211054, 500 is the city, 211 the bank and 054 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 Medchal branch (Medchal, Andhra Pradesh) is UTIB0002592.

  2. 500211054. MICR is printed at the bottom of the branch's cheques.

  3. Hno 1 314 First Floor Main Road Medchal RR Dist Andhra Pradesh 501401

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC UTIB0002592 with the beneficiary's account number.

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