Use this page as a one-stop reference for everything related to Axis Bank's MARKETYARD LATUR branch in LATUR, MAHARASHTRA. The branch's IFSC code UTIB0003720 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.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, UTIB0003720 is the IFSC of Axis Bank's MARKETYARD LATUR branch. The format is fixed: UTIB = bank code, 0 = reserved, 003720 = branch identifier.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Marketyard Latur |
| IFSC Code | UTIB0003720 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, GHUGARE COMPLEX, NEAR INDIAN BANK, MARKET YARD, LATUR PIN 413512 |
| City | Latur |
| District | Latur |
| State | Maharashtra |
| STD Code | 2382 |
| Phone | 250262 |
About the bank
Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Marketyard Latur branch in Latur, Maharashtra is part of this network and uses the IFSC code UTIB0003720 for all electronic settlement.
Marketyard Latur branch overview
Located at GROUND FLOOR, GHUGARE COMPLEX, NEAR INDIAN BANK, MARKET YARD, LATUR PIN 413512, the Marketyard Latur branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0003720 is required for all interbank electronic transfers routed through this branch.
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 MARKETYARD LATUR branch came to be assigned the code UTIB0003720.
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 UTIB0003720, money simply cannot be routed to the MARKETYARD LATUR branch electronically.
How to transfer money using IFSC UTIB0003720
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 UTIB0003720 across all three.
NEFT to Axis Bank, MARKETYARD LATUR using IFSC UTIB0003720
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 UTIB0003720, and confirm that the system picks up Axis Bank – MARKETYARD LATUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MARKETYARD LATUR
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's MARKETYARD LATUR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0003720 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Axis Bank – MARKETYARD LATUR, use IMPS. With IFSC UTIB0003720 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
Comparing NEFT, RTGS and IMPS for transfers to Marketyard Latur
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC UTIB0003720:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at MARKETYARD LATUR is still linked to IFSC UTIB0003720.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
UPI payments and IFSC UTIB0003720
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 – MARKETYARD LATUR is still mapped to IFSC UTIB0003720. 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 UTIB0003720 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Marketyard Latur branch is mapped to IFSC UTIB0003720 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 UTIB0003720.
Products and services
Customers walking into the Marketyard Latur branch can access most of Axis Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC UTIB0003720
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Axis Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC UTIB0003720 and the account number together uniquely identify the Marketyard Latur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC UTIB0003720
Axis Bank customers can register for net banking and the bank's official mobile app once their account at the MARKETYARD LATUR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC UTIB0003720 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
Common mistakes to avoid when using IFSC UTIB0003720
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 – MARKETYARD LATUR, 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:
UTIB0003720. - 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.
Reaching the branch
The Marketyard Latur branch sits at GROUND FLOOR, GHUGARE COMPLEX, NEAR INDIAN BANK, MARKET YARD, LATUR PIN 413512. If you are travelling from outside Latur, search for the branch on a maps application using the bank name and locality, or call 2382-250262 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 UTIB0003720 and your account number.
Verifying IFSC UTIB0003720 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 UTIB0003720 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 2382-250262.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Marketyard Latur 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 UTIB0003720 continue to work without interruption.
Branch address & contact
Axis BankMarketyard Latur Branch
GROUND FLOOR, GHUGARE COMPLEX, NEAR INDIAN BANK, MARKET YARD, LATUR PIN 413512
Latur, Maharashtra
Phone: 2382-250262
IFSC: UTIB0003720
Frequently asked questions
What is the phone number of Axis Bank Marketyard Latur branch?
You can reach the branch at 2382-250262 during regular banking hours.
Is IFSC UTIB0003720 the same for all accounts at Marketyard Latur branch?
Yes. The IFSC UTIB0003720 is shared by every account held at Axis Bank's Marketyard Latur branch. Only the account number changes from customer to customer.
Is IFSC UTIB0003720 valid for NEFT and RTGS?
Yes. IFSC UTIB0003720 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using UTIB0003720 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Marketyard Latur reflect within 30 minutes.
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 Marketyard Latur branch but serve different purposes.
What is the IFSC code of Axis Bank Marketyard Latur branch?
The IFSC code of Axis Bank, Marketyard Latur branch is UTIB0003720. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How do I add Axis Bank Marketyard Latur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0003720, and complete OTP verification. Once activated, you can transfer funds at any time.
Final notes
To recap: UTIB0003720 is the IFSC code of Axis Bank, MARKETYARD LATUR branch, in LATUR, MAHARASHTRA. 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.
