Upcoming Launch of Unified Payments Interface (UPI)

We are moving steadily towards a cashless economy. We are already quite familiar with the notion of digital money. Keeping aside the pros and cons of this paradigm shift, Indian Financial System sees this as a good sign with solid support from the Government. In a recent discussion with Limit, Mr. A P Hota, CEO and MD of National Payments Corporation of India (NPCI) stated they expect the Unified Payments Interface (UPI) to go live in April this fiscal.

Find Axis Bank IFSC Code with Addresses

The Indian Financial System Code, widely known as the IFSC code has been an important tool in making sure all online banking transactions are completed in real time. With changing world of technology, bank operations have streamlines their services helping users with various online financial transactions. 

People can now send funds electronically, purchase goods over the internet and pay using net banking as well as transfer larger sums of money between individuals and companies using National Electronic FundsTransfer (NEFT) and Real Time Gross Settlement (RTGS) settlement systems. All these activities are possible because of the implantation of IFSC codes by the Reserve Bank of India. IFSC codes help online transactions in identifying the sender and recipient bank branch in quick time making sure all online financial transitions are completed easily.