SWIFT Code UTIBINB1061 — AXIS BANK LTD(FORMERLY UTI BANK LTD), THANE

About SWIFT Code UTIBINB1061 — AXIS BANK LTD(FORMERLY UTI BANK LTD), THANE

SWIFT code UTIBINB1061 is the official 11-character branch-specific BIC (Bank Identifier Code) for AXIS BANK LTD(FORMERLY UTI BANK LTD) in THANE, India. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by AXIS BANK LTD(FORMERLY UTI BANK LTD) for all outward international remittances from THANE. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code UTIBINB1061

The code UTIBINB1061 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code UTIBINB1061

Receiving International Wire Transfers

To receive money from abroad at your AXIS BANK LTD(FORMERLY UTI BANK LTD) account in THANE, share SWIFT code UTIBINB1061 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at AXIS BANK LTD(FORMERLY UTI BANK LTD), THANE must provide SWIFT code UTIBINB1061. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using AXIS BANK LTD(FORMERLY UTI BANK LTD) in THANE rely on SWIFT code UTIBINB1061 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for AXIS BANK LTD(FORMERLY UTI BANK LTD) →

For cheque clearing or NACH mandates, use the MICR code for AXIS BANK LTD(FORMERLY UTI BANK LTD) →

For TDS challan deposits, find the BSR code for AXIS BANK LTD(FORMERLY UTI BANK LTD) →

How SWIFT Code UTIBINB1061 Routes an International Transfer

1. Initiation: The sender provides SWIFT code UTIBINB1061 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to AXIS BANK LTD(FORMERLY UTI BANK LTD).
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: AXIS BANK LTD(FORMERLY UTI BANK LTD) receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code UTIBINB1061

• Spaces or lowercase letters — Always enter UTIBINB1061 uppercase with no spaces.
• Using the wrong city — This code is for THANE only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within India.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm UTIBINB1061 directly with AXIS BANK LTD(FORMERLY UTI BANK LTD)'s THANE branch or via the SWIFT BIC Directory.