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 Balod branch in Balod, Balod, Chhattisgarh, 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 Balod or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0005641. 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, Balod, Balod
Below in the table are the key details related to IFSC Code UTIB0005641 of Axis Bank for its branch located in Balod, within the district of Balod in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005641 |
| Branch | Balod |
| City | Balod |
| District | Balod |
| State | Chhattisgarh |
| Address | Ground And First Floor, Rajnandgaon Balod Road, Near Jaistambh Chowk, Po Ps Balod |
These details help users in online banking and for businesses and individuals who use Axis Bank in Balod for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005641 for the Balod branch of Axis Bank has a very 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 Balod, Balod, Chhattisgarh, is provided a unique IFSC like UTIB0005641 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Balod.
- 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 Balod and Balod.
- 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 Chhattisgarh and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Balod do not get misguided to another person.
Format of the IFSC Code UTIB0005641
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Balod in Balod.
For example, the IFSC Code UTIB0005641 of Axis Bank for the Balod branch has these elements, identifying the bank and the branch location in Balod and Chhattisgarh correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005641 of Axis Bank for its Balod branch located in Balod, 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 Balod and Balod, 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 Balod or Balod to find the exact IFSC Code UTIB0005641.
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 Balod will provide accurate information.
How to Use IFSC Code UTIB0005641 for Online Transfers?
Once you have the IFSC Code UTIB0005641 for the Balod branch of Axis Bank in Balod, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005641. 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 UTIB0005641.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Balod in Balod, 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 Balod, 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 Balod manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Balod Balod branch is UTIB0005641.
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 And First Floor, Rajnandgaon Balod Road, Near Jaistambh Chowk, Po Ps Balod.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
