AXIS Bank Sec Mercantile Coop Urban Bank IFSC Code
AXIS Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · This branch may not process cheques.
Branch
Sec Mercantile Coop Urban Bank
Address
Lakshmiram Complex,opp Venkateswara Temple Market Centre,challapalli Andhra Pradesh 521126
View on Google MapsDistrict
Secunderabad
State
Andhra Pradesh
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Frequently Asked Questions
About AXIS Bank Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1), Secunderabad
The IFSC code UTIB0SSMCU1 (lowercase: utib0ssmcu1) belongs to AXIS Bank, specifically the Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1) branch located in Secunderabad, Andhra Pradesh.
The 5th character in the IFSC code UTIB0SSMCU1 is a zero (0), not the letter 'O'. The correct format is UTIB0SSMCU1 (lowercase: utib0ssmcu1), and not UTIBOSSMCU1. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of AXIS Bank Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1) in Secunderabad, Andhra Pradesh is UTIB0SSMCU1. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
AXIS Bank Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1) is located at Lakshmiram Complex,opp Venkateswara Temple Market Centre,challapalli Andhra Pradesh 521126, Secunderabad, Andhra Pradesh. You can click the "View on Google Maps" button on this page to get directions.
The MICR code for AXIS Bank Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1) in Secunderabad is printed at the bottom of your cheque leaf. If you cannot locate it, contact your branch directly or check your passbook.
Yes. IFSC code UTIB0SSMCU1 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code UTIB0SSMCU1 by checking: (1) The top-left corner of any AXIS Bank Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1) cheque leaf, (2) The first page of your AXIS Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: UTIB0SSMCU1
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
UTIB0SSMCU1
What Each Part Means
- Bank Code — UTIB
- The first 4 characters uniquely identify AXIS Bank at the national level. Every branch of AXIS Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — SSMCU1
- The final 6 characters SSMCU1 uniquely identify this specific branch within the AXIS Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | UTIB | Identifies AXIS Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | SSMCU1 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
AXIS Bank
Sec Mercantile Coop Urban Bank (lakshmiram Complex Opp Venka - Mcu1), Secunderabad, Andhra Pradesh
Cheque No.
00000001
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | UTIB0SSMCU1 | Not available |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.