Use this page as a one-stop reference for everything related to Axis Bank's MTH COMPOUND INDORE branch in INDORE, MADHYA PRADESH. The branch's IFSC code UTIB0002662 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Axis Bank – MTH COMPOUND INDORE is UTIB0002662. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002662 map to this branch in INDORE, MADHYA PRADESH.
About the bank
Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Mth Compound Indore branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code UTIB0002662 for all electronic settlement.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Mth Compound Indore |
| IFSC Code | UTIB0002662 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR 1 2 5 6 11 AND 12 RAJARAM MOHAN ROY COMPLEX MTH COMPOUND INDORE 452001 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 8103088018 |
About this branch
The branch is located at GROUND FLOOR 1 2 5 6 11 AND 12 RAJARAM MOHAN ROY COMPLEX MTH COMPOUND INDORE 452001. It serves the Indore region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Axis Bank. The IFSC UTIB0002662 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Axis Bank's MTH COMPOUND INDORE branch came to be assigned the code UTIB0002662.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC UTIB0002662, money simply cannot be routed to the MTH COMPOUND INDORE branch electronically.
Products and account variants supported
Every account opened at the Mth Compound Indore branch is mapped to IFSC UTIB0002662 on the RBI payments network. The branch generally supports the full retail product catalogue of Axis Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains UTIB0002662.
Banking services available
The Mth Compound Indore branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-8103088018.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC UTIB0002662
How to transfer money using IFSC UTIB0002662
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UTIB0002662 across all three.
NEFT to Axis Bank, MTH COMPOUND INDORE using IFSC UTIB0002662
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC UTIB0002662, and confirm that the system picks up Axis Bank – MTH COMPOUND INDORE. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC UTIB0002662
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Axis Bank – MTH COMPOUND INDORE, ensure your bank's portal accepts IFSC UTIB0002662 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Axis Bank MTH COMPOUND INDORE (IFSC UTIB0002662)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0002662 in your mobile or internet banking app, and the money is credited to the MTH COMPOUND INDORE branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0002662 for Axis Bank – MTH COMPOUND INDORE, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – UTIB0002662 | Yes – UTIB0002662 | Yes – UTIB0002662 |
For most retail customers crediting the Mth Compound Indore branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Axis Bank's MTH COMPOUND INDORE branch, the IFSC UTIB0002662 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Digital banking channels
Most day-to-day work that customers used to do at the Mth Compound Indore branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC UTIB0002662 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
MICR & cheque-truncation details
Cheques drawn on the Mth Compound Indore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0002662 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC UTIB0002662
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Axis Bank – MTH COMPOUND INDORE, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
UTIB0002662. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Mth Compound Indore branch
The branch is located at GROUND FLOOR 1 2 5 6 11 AND 12 RAJARAM MOHAN ROY COMPLEX MTH COMPOUND INDORE 452001, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Axis Bank Mth Compound Indore branch” — the verified location pin for IFSC UTIB0002662 should appear at the top of the results.
- Confirm the branch is open by calling 91-8103088018 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC UTIB0002662 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC UTIB0002662 for Axis Bank – MTH COMPOUND INDORE, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Mth Compound Indore branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0002662, however, work 24x7.
Branch address & contact
Axis BankMth Compound Indore Branch
GROUND FLOOR 1 2 5 6 11 AND 12 RAJARAM MOHAN ROY COMPLEX MTH COMPOUND INDORE 452001
Indore, Madhya Pradesh
Phone: 91-8103088018
IFSC: UTIB0002662
Frequently asked questions
What is the phone number of Axis Bank Mth Compound Indore branch?
You can reach the branch at 91-8103088018 during regular banking hours.
Is IFSC UTIB0002662 the same for all accounts at Mth Compound Indore branch?
Yes. The IFSC UTIB0002662 is shared by every account held at Axis Bank's Mth Compound Indore branch. Only the account number changes from customer to customer.
Does Axis Bank Mth Compound Indore branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-8103088018 to confirm.
Is IFSC UTIB0002662 valid for NEFT and RTGS?
Yes. IFSC UTIB0002662 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How do I add Axis Bank Mth Compound Indore as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0002662, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Axis Bank Mth Compound Indore branch?
The IFSC code of Axis Bank, Mth Compound Indore branch is UTIB0002662. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Axis Bank Mth Compound Indore branch located?
Axis Bank's Mth Compound Indore branch is located at GROUND FLOOR 1 2 5 6 11 AND 12 RAJARAM MOHAN ROY COMPLEX MTH COMPOUND INDORE 452001, Indore, Madhya Pradesh.
Final notes
To recap: UTIB0002662 is the IFSC code of Axis Bank, MTH COMPOUND INDORE branch, in INDORE, MADHYA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
