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 Nalco Nagar branch in Angul, Angul, Odisha, 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 Angul or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0003275. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Nalco Nagar, Angul

Here are some of the key details that come with the IFSC Code UTIB0003275 of Axis Bank for its branch located in Angul, within the district of Angul in the state of Odisha.

Particulars Details
Bank Axis Bank
IFSC Code UTIB0003275
Branch Nalco Nagar
City Angul
District Angul
State Odisha
Address 1St Flr Sr Plaza Nh 55 Nalco Township Chowk Nalco Nagar

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Angul for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0003275 for the Nalco Nagar 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Nalco Nagar, Angul, Odisha, are allotted a unique IFSC like UTIB0003275 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Angul.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Angul and Angul.
  • 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 Nalco Nagar reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code UTIB0003275

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 Nalco Nagar in Angul.

For example, the IFSC Code UTIB0003275 of Axis Bank for the Nalco Nagar 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 UTIB0003275 of Axis Bank for its Nalco Nagar 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 Angul, 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 Nalco Nagar or Angul to get the exact IFSC Code UTIB0003275.

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 UTIB0003275 for Online Transfers?

Once you have the IFSC Code UTIB0003275 for the Nalco Nagar 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 UTIB0003275. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0003275.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Nalco Nagar in Angul, your payment can get delayed or might not go through at all.

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 Nalco Nagar, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Angul manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Axis Bank in Nalco Nagar, Angul?

The IFSC Code is UTIB0003275.

Is the IFSC Code UTIB0003275 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Axis Bank Nalco Nagar?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Nalco Nagar branch?

The address of the branch is 1St Flr Sr Plaza Nh 55 Nalco Township Chowk Nalco Nagar located in Angul, Angul, Odisha.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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