For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Venmony branch in Aalapuzha, Venmony, Kerala, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Aalapuzha or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0004028. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Venmony, Aalapuzha
Below in the table are the key details related to IFSC Code UTIB0004028 of Axis Bank for its branch located in Aalapuzha, within the district of Venmony in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004028 |
| Branch | Venmony |
| City | Aalapuzha |
| District | Venmony |
| State | Kerala |
| Address | Nalonnil Building Kalliathara Junction Venmony Aalapuzha 689509 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Aalapuzha for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004028 for the Venmony branch of Axis Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Venmony, Aalapuzha, Kerala, are allotted a unique IFSC like UTIB0004028 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Aalapuzha.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Aalapuzha and Venmony.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Venmony reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code UTIB0004028
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Venmony in Aalapuzha.
For example, the IFSC Code UTIB0004028 of Axis Bank for the Venmony branch includes these elements, identifying the bank and the branch location in Aalapuzha and Kerala accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0004028 of Axis Bank for its Venmony branch located in Aalapuzha, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Aalapuzha and Venmony, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Venmony or Aalapuzha to find the exact IFSC Code UTIB0004028.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for Axis Bank and Aalapuzha will provide accurate information.
How to Use IFSC Code UTIB0004028 for Online Transfers?
Once you have the IFSC Code UTIB0004028 for the Venmony branch of Axis Bank in Aalapuzha, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004028. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Axis Bank IFSC Code UTIB0004028.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Venmony in Aalapuzha, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Venmony, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Aalapuzha manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004028.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Nalonnil Building Kalliathara Junction Venmony Aalapuzha 689509 located in Aalapuzha, Venmony, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
