IFSC Code of Axis Bank, Merchants Cooperative Bank Limited Branch, Karnataka

This page lists the IFSC code, branch address, contact number and fund-transfer information for Axis Bank, MERCHANTS COOPERATIVE BANK LIMITED branch in TIPTUR. The 11-digit IFSC UTIB0SMCBL1 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 MERCHANTS COOPERATIVE BANK LIMITED 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.

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, UTIB0SMCBL1 is the IFSC of Axis Bank's MERCHANTS COOPERATIVE BANK LIMITED branch. The format is fixed: UTIB = bank code, 0 = reserved, SMCBL1 = branch identifier.

About Axis Bank

Axis Bank operates a wide network of branches across India, including the Merchants Cooperative Bank Limited branch in Tiptur. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, UTIB0SMCBL1.

Branch details at a glance

Merchants Cooperative Bank Limited branch overview

Located at HOSAPET ROAD TIPTUR TUMKUR DISTRICT 572202, the Merchants Cooperative Bank Limited branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0SMCBL1 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 MERCHANTS COOPERATIVE BANK LIMITED branch came to be assigned the code UTIB0SMCBL1.

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 UTIB0SMCBL1, money simply cannot be routed to the MERCHANTS COOPERATIVE BANK LIMITED branch electronically.

Products and account variants supported

Every account opened at the Merchants Cooperative Bank Limited branch is mapped to IFSC UTIB0SMCBL1 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 UTIB0SMCBL1.

Banking services available

The Merchants Cooperative Bank Limited branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 8134-251153.

• 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 UTIB0SMCBL1

How to transfer money using IFSC UTIB0SMCBL1

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 UTIB0SMCBL1 across all three.

How to use IFSC UTIB0SMCBL1 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Axis Bank's MERCHANTS COOPERATIVE BANK LIMITED branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC UTIB0SMCBL1.
4. Confirm the bank name auto-populates as Axis Bank and the branch as MERCHANTS COOPERATIVE BANK LIMITED.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC UTIB0SMCBL1

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 – MERCHANTS COOPERATIVE BANK LIMITED, ensure your bank's portal accepts IFSC UTIB0SMCBL1 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Axis Bank MERCHANTS COOPERATIVE BANK LIMITED (IFSC UTIB0SMCBL1)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0SMCBL1 in your mobile or internet banking app, and the money is credited to the MERCHANTS COOPERATIVE BANK LIMITED branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Merchants Cooperative Bank Limited

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 UTIB0SMCBL1:

• 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 MERCHANTS COOPERATIVE BANK LIMITED is still linked to IFSC UTIB0SMCBL1.

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.

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 MERCHANTS COOPERATIVE BANK LIMITED branch, the IFSC UTIB0SMCBL1 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.

Online banking and IFSC UTIB0SMCBL1

Axis Bank customers can register for net banking and the bank's official mobile app once their account at the MERCHANTS COOPERATIVE BANK LIMITED 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 UTIB0SMCBL1 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.

MICR & cheque-truncation details

Cheques drawn on the Merchants Cooperative Bank Limited branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0SMCBL1 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 UTIB0SMCBL1

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 – MERCHANTS COOPERATIVE BANK LIMITED, 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: UTIB0SMCBL1.
• 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 Merchants Cooperative Bank Limited branch

The branch is located at HOSAPET ROAD TIPTUR TUMKUR DISTRICT 572202, which puts it inside Tiptur, the broader Tumkur district, and the state of Karnataka. To plan your visit:

1. Open Google Maps on your phone and search for “Axis Bank Merchants Cooperative Bank Limited branch” — the verified location pin for IFSC UTIB0SMCBL1 should appear at the top of the results.
2. Confirm the branch is open by calling 8134-251153 before stepping out, especially around public holidays.
3. 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 UTIB0SMCBL1 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC UTIB0SMCBL1 for Axis Bank – MERCHANTS COOPERATIVE BANK LIMITED, 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.

Working hours

Branch counters at Merchants Cooperative Bank Limited 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 UTIB0SMCBL1 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code UTIB0SMCBL1 belongs to Axis Bank's MERCHANTS COOPERATIVE BANK LIMITED branch, located at HOSAPET ROAD TIPTUR TUMKUR DISTRICT 572202 in TIPTUR, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.