UTIB Bank refers to Axis Bank. The term UTIB commonly appears in IFSC codes and some banking records, but it is not a separate bank.
Quick Summary
- UTIB = Axis Bank
- Used in: IFSC codes (e.g., UTIB000XXXX)
- Reason: Old/legacy bank identifier
- Current name: Axis Bank
- Status: Active and valid
What Does UTIB Mean?
UTIB stands for UTI Bank, the former name of Axis Bank.
- Axis Bank was earlier known as UTI Bank
- The bank rebranded to Axis Bank, but UTIB continues to be used as the bank code in IFSC
UTIB in IFSC Code Explained
An IFSC code has 11 characters:
Example: UTIB0000456
| Part | Meaning |
|---|---|
| UTIB | Bank code (Axis Bank) |
| 0 | Reserved (usually zero) |
| 00456 | Branch code |
So, if you see UTIB in an IFSC, it clearly means Axis Bank.
Where You’ll See UTIB Bank
- Bank account IFSC codes
- NEFT / RTGS / IMPS transfers
- Cheque leaves
- Bank statements
- Online payment confirmations
Is UTIB Bank Different from Axis Bank?
No.
- UTIB Bank = Axis Bank
- Same bank, same branches, same services
- Only the code name is different
FAQs on UTIB Bank
Q1. Is UTIB a government bank?
A. No. Axis Bank is a private sector bank.
Q2. Should I select Axis Bank or UTIB Bank while transferring money?
A. Select Axis Bank. The IFSC will automatically start with UTIB.
Q3. Is UTIB IFSC code valid in 2026?
A. Yes. UTIB-based IFSC codes are fully valid for all transactions.
Q4. Why hasn’t UTIB changed to AXIS in IFSC?
A. IFSC bank codes usually remain unchanged to avoid system-wide disruptions.
Common Confusion: UTIB vs UTI
- UTIB / UTI Bank → Old name of Axis Bank
- UTI Mutual Fund → Completely separate entity
Conclusion
If you see UTIB Bank anywhere, remember it simply means Axis Bank. The name comes from its earlier identity as UTI Bank, and it’s still used in IFSC codes for smooth banking operations.
