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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Gandhinagar Para Bolangir branch in Balangir, Gandhinagarpara, Odisha, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Balangir or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0004617. 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, Gandhinagar Para Bolangir, Balangir
The table below shows the main details of the IFSC Code UTIB0004617 for the Axis Bank branch in Balangir, which falls under the Gandhinagarpara district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004617 |
| Branch | Gandhinagar Para Bolangir |
| City | Balangir |
| District | Gandhinagarpara |
| State | Odisha |
| Address | Gr Floor, Sambalpur Road, Gandhinagar Para, Infront Of Fishery Office, Po Gandhinagar, Dist Balangir |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Balangir for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004617 for the Gandhinagar Para Bolangir branch of Axis Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Gandhinagar Para Bolangir, Balangir, Odisha, is provided a unique IFSC like UTIB0004617 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Balangir.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Balangir and Gandhinagarpara.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Gandhinagar Para Bolangir do not get misguided to another person.
Format of the IFSC Code UTIB0004617
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 Gandhinagar Para Bolangir in Balangir.
For example, the IFSC Code UTIB0004617 of Axis Bank for the Gandhinagar Para Bolangir branch includes these elements, identifying the bank and the branch location in Balangir and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0004617 of Axis Bank for its Gandhinagar Para Bolangir branch located in Balangir, 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 Balangir and Gandhinagarpara, 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 Gandhinagar Para Bolangir or Balangir to get the exact IFSC Code UTIB0004617.
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 Balangir, you'll get the correct details.
How to Use IFSC Code UTIB0004617 for Online Transfers?
Once you have the IFSC Code UTIB0004617 for the Gandhinagar Para Bolangir branch of Axis Bank in Balangir, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004617. 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 UTIB0004617.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Gandhinagar Para Bolangir in Balangir, 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 Gandhinagar Para Bolangir, 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 Balangir manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004617.
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 Gr Floor, Sambalpur Road, Gandhinagar Para, Infront Of Fishery Office, Po Gandhinagar, Dist Balangir located in Balangir, Gandhinagarpara, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.