There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Soro branch in Baleshwar, Soro, Odisha, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Axis Bank situated in Baleshwar or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code UTIB0002557. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Soro, Baleshwar
Here are the main details that are associated with the IFSC Code UTIB0002557 of Axis Bank for its branch located in Baleshwar, within the district of Soro in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002557 |
| Branch | Soro |
| City | Baleshwar |
| District | Soro |
| State | Odisha |
| Address | Ground Floor,Plot No 448,Unit 3,Nh5,At Post.Soro,Dist.Balasore,Orissa,Pin 756045 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Baleshwar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0002557 for the Soro 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 Soro, Baleshwar, Odisha, are allotted a unique IFSC like UTIB0002557 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Baleshwar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Baleshwar and Soro.
- 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 Soro reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code UTIB0002557
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 Soro in Baleshwar.
For example, the IFSC Code UTIB0002557 of Axis Bank for the Soro branch includes these elements, identifying the bank and the branch location in Baleshwar and Odisha accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0002557 of Axis Bank for its Soro branch located in Baleshwar, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Baleshwar and Soro, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Soro or Baleshwar to find the exact IFSC Code UTIB0002557.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Baleshwar will provide accurate information.
How to Use IFSC Code UTIB0002557 for Online Transfers?
Once you have the IFSC Code UTIB0002557 for the Soro branch of Axis Bank in Baleshwar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002557. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0002557.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Soro in Baleshwar 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 Soro, 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 Baleshwar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Soro Baleshwar branch is UTIB0002557.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor,Plot No 448,Unit 3,Nh5,At Post.Soro,Dist.Balasore,Orissa,Pin 756045.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
