IFSC Code of Axis Bank Portblair Branch

UTIB0000157

(U T I B Zero Zero Zero Zero One Five Seven)

Axis Bank Portblair branch is located in South Andaman district of Andaman and Nicobar. Axis Bank has 1 branches in the district. All about Axis Bank Portblair Branch including IFSC Code, MICR Code, Address, Contact Number, Contact Person are provided according to the availability. Find more information about classification of Axis Bank Portblair IFSC Code.

Information of Axis Bank Portblair branch, Andaman and Nicobar

Branch Name	Portblair
IFSC Code	UTIB0000157
MICR Code	744211002
Branch Code	000157
Branch Address	5 Middle Point
City	Port Blair
District	South Andaman
State	Andaman and Nicobar

Details and Classification of Portblair branch IFSC

IFSC Code of Axis Bank Portblair branch is UTIB0000157. The IFSC of Axis Bank can be classified into 3 parts mainly the first 4 alphabetical characters UTIB as Axis Bank code. The fifth character 0 reserved for future use, and last six characters as branch code. In case of Portblair branch IFSC Code, UTIB represents Axis Bank, 0 for future use and 000157 represents Portblair branch. The IFSC code UTIB0000157 uniquely identifies Axis Bank Portblair branch, in South Andaman, Andaman and Nicobar and can be used for online money transactions using RTGS and NEFT. This IFSC can also be used for online reservation of tickets, paying bills, shopping and EMI payments and much more.

Banks in India

Disclaimer : All the information in this site is provided from authentic source and all efforts have been made to verify and provide exact results. Even though users are requested to reconfirm the data provided with their corresponding bank branch.

Quick Search

Other Bank Branches in South Andaman

About Axis Bank

Axis Bank Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.Despite the slower growth of the retail book over a period of time and the outright decline seen in the past year, the bank’s fundamentals are quite resilient. With the high level of mid-corporate and wholesale corporate lending the bank has been doing, one would have expected the net interest margins to have been under greater pressure. The bank, though, appears to have insulated such pressures. Interest margins, while they have declined from the 3.15 per cent seen in 2003-04, are still hovering close to the 3 per cent mark. (The comparable margins for ICICI Bank and HDFC Bank are around 2.60 per cent and 4 per cent respectively. The margins for ICICI Bank are lower despite its much larger share of the higher margin retail business, since funding costs also are higher).