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 Shri Veerpulikeshi Cooperative Bank Ltd branch in Bagalkot, Badami, Karnataka, 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 Bagalkot or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0SVPCBK. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Shri Veerpulikeshi Cooperative Bank Ltd, Bagalkot
The table below shows the main details of the IFSC Code UTIB0SVPCBK for the Axis Bank branch in Bagalkot, which falls under the Badami district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SVPCBK |
| Branch | Shri Veerpulikeshi Cooperative Bank Ltd |
| City | Bagalkot |
| District | Badami |
| State | Karnataka |
| Address | Bank Road, Main Bazar, Badami 587201 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Bagalkot for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SVPCBK for the Shri Veerpulikeshi Cooperative Bank Ltd branch of Axis Bank plays a vital 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 Shri Veerpulikeshi Cooperative Bank Ltd, Bagalkot, Karnataka, are given a unique IFSC like UTIB0SVPCBK to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bagalkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bagalkot and Badami.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Shri Veerpulikeshi Cooperative Bank Ltd goes to the correct branch. This is important because Axis Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0SVPCBK
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shri Veerpulikeshi Cooperative Bank Ltd in Bagalkot.
For example, the IFSC Code UTIB0SVPCBK of Axis Bank for the Shri Veerpulikeshi Cooperative Bank Ltd branch includes these elements, identifying the bank and the branch location in Bagalkot and Karnataka accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SVPCBK of Axis Bank for its Shri Veerpulikeshi Cooperative Bank Ltd branch located in Bagalkot, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Bagalkot and Badami, print them 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 Shri Veerpulikeshi Cooperative Bank Ltd or Bagalkot to get the exact IFSC Code UTIB0SVPCBK.
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 Bagalkot, you'll get the correct details.
How to Use IFSC Code UTIB0SVPCBK for Online Transfers?
If you have the IFSC Code UTIB0SVPCBK for the Shri Veerpulikeshi Cooperative Bank Ltd branch of Axis Bank in Bagalkot, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0SVPCBK. 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 UTIB0SVPCBK.
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 Shri Veerpulikeshi Cooperative Bank Ltd in Bagalkot, 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 Shri Veerpulikeshi Cooperative Bank Ltd, 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 Bagalkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SVPCBK.
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 Bank Road, Main Bazar, Badami 587201 located in Bagalkot, Badami, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.