Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Chhendipada branch in Angul, Chhendipada, or Odisha, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Angul or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0004501. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Chhendipada, Angul
Below in the table are the key details related to IFSC Code UTIB0004501 of Axis Bank for its branch located in Angul, within the district of Chhendipada in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004501 |
| Branch | Chhendipada |
| City | Angul |
| District | Chhendipada |
| State | Odisha |
| Address | Ground Floor And First Floor,Ward- 08,Chhendipada Road, In Front Of Lic,Ps- Chhendipada,Dist- Angul 759125 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Angul for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004501 for the Chhendipada branch of Axis Bank has 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, including Axis Bank located in Chhendipada, Angul, Odisha, is provided with a unique IFSC like UTIB0004501 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Angul.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Angul and Chhendipada.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Chhendipada do not get mixed with another location.
Format of the IFSC Code UTIB0004501
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 Chhendipada in Angul.
For example, the IFSC Code UTIB0004501 of Axis Bank for the Chhendipada branch includes these elements, identifying the bank and the branch location in Angul and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0004501 of Axis Bank for its Chhendipada branch located in Angul, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Angul and Chhendipada, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Chhendipada or Angul to get the exact IFSC Code UTIB0004501.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Angul, you'll get the correct details.
How to Use IFSC Code UTIB0004501 for Online Transfers?
Once you have the IFSC Code UTIB0004501 for the Chhendipada branch of Axis Bank in Angul, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004501. 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 UTIB0004501.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Chhendipada in Angul, 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 Chhendipada, 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 Angul manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004501.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor And First Floor,Ward- 08,Chhendipada Road, In Front Of Lic,Ps- Chhendipada,Dist- Angul 759125 located in Angul, Chhendipada, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.