IFSC Code of Axis Bank, Paratwada, Achalpur(Camp), Maharashtra — UTIB0001492

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 Paratwada branch in Amravati, Achalpur(Camp), Maharashtra, 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 Amravati or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0001492. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Paratwada, Amravati

Below in the table are the key details related to IFSC Code UTIB0001492 of Axis Bank for its branch located in Amravati, within the district of Achalpur(Camp) in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Amravati for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0001492 for the Paratwada branch of Axis Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0001492 is given to every bank branch, including Axis Bank located in Paratwada, Amravati, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Amravati.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Amravati and Achalpur(Camp).
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Paratwada doesn't end up at another location.

Format of the IFSC Code UTIB0001492

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Paratwada in Amravati.

For example, the IFSC Code UTIB0001492 of Axis Bank for the Paratwada branch includes these elements, identifying the bank and the branch location in Amravati and Maharashtra accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0001492 of Axis Bank for its Paratwada branch located in Amravati, the following methods can help:

Cheque Book

The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Axis Bank branches in Amravati and Achalpur(Camp), print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Axis Bank and find the branch locator section. Search for Paratwada or Amravati to get the exact IFSC Code UTIB0001492.

Mobile Banking App

If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Amravati that will provide accurate information.

How to Use IFSC Code UTIB0001492 for Online Transfers?

If you have the IFSC Code UTIB0001492 for the Paratwada branch of Axis Bank in Amravati, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001492. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0001492.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Paratwada in Amravati, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Axis Bank in Paratwada, here are some ways to obtain it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official Axis Bank website.
• Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Amravati to handle online money transfers and get their cheques cleared smoothly.