This page lists the IFSC code, branch address, contact number and fund-transfer information for Axis Bank, MAIHAR branch in MAIHAR. The 11-digit IFSC UTIB0001724 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Axis Bank at the MAIHAR location, this is the only IFSC you need.
We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.
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 – MAIHAR is UTIB0001724. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001724 map to this branch in MAIHAR, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Maihar |
| IFSC Code | UTIB0001724 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, STATION ROAD, NEAR LIC BLDG, P.O MAIHAR, DIST.SATNA, MADHYA PRADESH, PIN 485711 |
| City | Maihar |
| District | Satna |
| State | Madhya Pradesh |
Bank profile
Axis Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Maihar branch — IFSC UTIB0001724 — extends the bank's services to customers in and around Maihar, Madhya Pradesh.
About the Maihar branch
The Maihar branch of Axis Bank is situated at GROUND FLOOR, STATION ROAD, NEAR LIC BLDG, P.O MAIHAR, DIST.SATNA, MADHYA PRADESH, PIN 485711. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code UTIB0001724 is used.
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 MAIHAR branch came to be assigned the code UTIB0001724.
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 UTIB0001724, money simply cannot be routed to the MAIHAR branch electronically.
How to transfer money using IFSC UTIB0001724
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 UTIB0001724 across all three.
NEFT to Axis Bank, MAIHAR using IFSC UTIB0001724
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 UTIB0001724, and confirm that the system picks up Axis Bank – MAIHAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MAIHAR
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's MAIHAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0001724 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 – MAIHAR, use IMPS. With IFSC UTIB0001724 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0001724 for Axis Bank – MAIHAR, 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 – UTIB0001724 | Yes – UTIB0001724 | Yes – UTIB0001724 |
For most retail customers crediting the Maihar 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 MAIHAR branch, the IFSC UTIB0001724 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.
Products and account variants supported
Every account opened at the Maihar branch is mapped to IFSC UTIB0001724 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 UTIB0001724.
Products and services
Customers walking into the Maihar 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 UTIB0001724
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 UTIB0001724 and the account number together uniquely identify the Maihar branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC UTIB0001724
Axis Bank customers can register for net banking and the bank's official mobile app once their account at the MAIHAR 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 UTIB0001724 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.
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 – MAIHAR:
- The IFSC is exactly UTIB0001724 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 MAIHAR 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.
Reaching the branch
The Maihar branch sits at GROUND FLOOR, STATION ROAD, NEAR LIC BLDG, P.O MAIHAR, DIST.SATNA, MADHYA PRADESH, PIN 485711. If you are travelling from outside Maihar, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 UTIB0001724 and your account number.
Verifying IFSC UTIB0001724 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 UTIB0001724 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Maihar 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 UTIB0001724 continue to work without interruption.
Branch address & contact
Axis BankMaihar Branch
GROUND FLOOR, STATION ROAD, NEAR LIC BLDG, P.O MAIHAR, DIST.SATNA, MADHYA PRADESH, PIN 485711
Maihar, Madhya Pradesh
Phone: the branch contact number
IFSC: UTIB0001724
Frequently asked questions
How quickly will an NEFT transfer using UTIB0001724 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Maihar reflect within 30 minutes.
Can I use IFSC UTIB0001724 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UTIB0001724 to send funds instantly.
What is the phone number of Axis Bank Maihar branch?
You can reach the branch at the branch contact number during regular banking hours.
How do I add Axis Bank Maihar as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0001724, and complete OTP verification. Once activated, you can transfer funds at any time.
Does Axis Bank Maihar branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
Is IFSC UTIB0001724 the same for all accounts at Maihar branch?
Yes. The IFSC UTIB0001724 is shared by every account held at Axis Bank's Maihar branch. Only the account number changes from customer to customer.
Final notes
To recap: UTIB0001724 is the IFSC code of Axis Bank, MAIHAR branch, in MAIHAR, 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.
