AXIS Bank Dhanera Mercantile Cooperative Bank IFSC Code
AXIS Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Dhanera Mercantile Cooperative Bank
District
Dhanera
State
Gujarat
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Other AXIS Bank Branches in Dhanera
4 nearby branches — click to view IFSC
Dhanera (balaji Plaza Near Post Offic - 4689)
Ground Floor Shop No 4to7 Shree Balaji Plaza Near Post Office Dhanera Dis Banaskanta
Dhanera Mercatile Coop Bank Panthwada (station Road Patharwada 3855 - Mcb2)
Station Road, Patharwada, 385545
Dhanera Mercatile Coop Bank Tharad (1st Floor - Mcb3)
1st Floor, Deesa Highway, Tharad 385565
Dhanera Mercatile Coop Bank Lakhani (deesa Highway - Mcb4)
Deesa Highway, Lakhani, 3855535
Frequently Asked Questions
About AXIS Bank Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1), Dhanera
The IFSC code UTIB0SDMCB1 (lowercase: utib0sdmcb1) belongs to AXIS Bank, specifically the Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1) branch located in Dhanera, Gujarat.
The 5th character in the IFSC code UTIB0SDMCB1 is a zero (0), not the letter 'O'. The correct format is UTIB0SDMCB1 (lowercase: utib0sdmcb1), and not UTIBOSDMCB1. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of AXIS Bank Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1) in Dhanera, Gujarat is UTIB0SDMCB1. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
AXIS Bank Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1) is located at Market Yard, Dhanera 385310, Dist Banaskantha, Dhanera, Gujarat. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of AXIS Bank Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1) is 385808081. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code UTIB0SDMCB1 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 UTIB0SDMCB1 by checking: (1) The top-left corner of any AXIS Bank Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1) 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: UTIB0SDMCB1
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
UTIB0SDMCB1
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 — SDMCB1
- The final 6 characters SDMCB1 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 | SDMCB1 | 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
Dhanera Mercantile Cooperative Bank (market Yard Dhanera - Mcb1), Dhanera, Gujarat
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 | UTIB0SDMCB1 | 385808081 |
| 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.