Below are the complete branch details for Axis Bank, NEW MARKET branch, located in KOLKATA, WEST BENGAL. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0005165. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case UTIB0005165 for Axis Bank – NEW MARKET — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 – NEW MARKET is UTIB0005165. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005165 map to this branch in KOLKATA, WEST BENGAL.
Bank profile
Axis Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The New Market branch — IFSC UTIB0005165 — extends the bank's services to customers in and around Kolkata, West Bengal.
New Market branch overview
Located at GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA, the New Market branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0005165 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | New Market |
| IFSC Code | UTIB0005165 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA |
| City | Kolkata |
| District | Kolkata |
| State | West Bengal |
| STD Code | 3 |
| Phone | 9830522447 |
Why every Axis Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including NEW MARKET of Axis Bank — its own 11-character IFSC. The code UTIB0005165 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC UTIB0005165 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR & cheque-truncation details
Cheques drawn on the New Market branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0005165 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC UTIB0005165
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 UTIB0005165 across all three.
NEFT to Axis Bank, NEW MARKET using IFSC UTIB0005165
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 UTIB0005165, and confirm that the system picks up Axis Bank – NEW MARKET. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to NEW MARKET
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's NEW MARKET branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0005165 while initiating the transfer and the credit will appear within minutes.
IMPS to Axis Bank NEW MARKET (IFSC UTIB0005165)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0005165 in your mobile or internet banking app, and the money is credited to the NEW MARKET branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0005165 for Axis Bank – NEW MARKET, 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 – UTIB0005165 | Yes – UTIB0005165 | Yes – UTIB0005165 |
For most retail customers crediting the New Market 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.
UPI payments and IFSC UTIB0005165
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Axis Bank – NEW MARKET is still mapped to IFSC UTIB0005165. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC UTIB0005165 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the New Market branch is mapped to IFSC UTIB0005165 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 UTIB0005165.
Banking services available
The New Market branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 3-9830522447.
- 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 UTIB0005165
Digital banking channels
Most day-to-day work that customers used to do at the New Market 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 UTIB0005165 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.
Reaching the branch
The New Market branch sits at GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA. If you are travelling from outside Kolkata, search for the branch on a maps application using the bank name and locality, or call 3-9830522447 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC UTIB0005165 and your account number.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Axis Bank – NEW MARKET:
- The IFSC is exactly UTIB0005165 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Axis Bank as the bank name and NEW MARKET as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Working hours
Branch counters at New Market are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UTIB0005165 continue to work without interruption.
Verifying IFSC UTIB0005165 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm UTIB0005165 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 3-9830522447.
- Visiting the bank's official branch locator page.
Branch address & contact
Axis BankNew Market Branch
GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA
Kolkata, West Bengal
Phone: 3-9830522447
IFSC: UTIB0005165
Frequently asked questions
Is IFSC UTIB0005165 valid for NEFT and RTGS?
Yes. IFSC UTIB0005165 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the New Market branch but serve different purposes.
Where is Axis Bank New Market branch located?
Axis Bank's New Market branch is located at GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA, Kolkata, West Bengal.
How do I add Axis Bank New Market as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0005165, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Axis Bank New Market branch?
The IFSC code of Axis Bank, New Market branch is UTIB0005165. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Is IFSC UTIB0005165 the same for all accounts at New Market branch?
Yes. The IFSC UTIB0005165 is shared by every account held at Axis Bank's New Market branch. Only the account number changes from customer to customer.
What is the phone number of Axis Bank New Market branch?
You can reach the branch at 3-9830522447 during regular banking hours.
How quickly will an NEFT transfer using UTIB0005165 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – New Market reflect within 30 minutes.
Final notes
To recap: UTIB0005165 is the IFSC code of Axis Bank, NEW MARKET branch, in KOLKATA, WEST BENGAL. 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.
