The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Jhilmila branch in Balod, Balod, Chhattisgarh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in Balod or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0001729. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Jhilmila, Balod
Here are the main details that are associated with the IFSC Code UTIB0001729 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 | UTIB0001729 |
| Branch | Jhilmila |
| City | Balod |
| District | Balod |
| State | Chhattisgarh |
| Address | Village And Post- Jhilmila, Tehsil┬Ûbalod, Ps-Balod, Jhilmila, Dist. Durg, Chattisgarh, Pin 431226 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Balod for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0001729 for the Jhilmila branch of Axis Bank is vital.
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 Jhilmila, Balod, Chhattisgarh, is provided a unique IFSC like UTIB0001729 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 Jhilmila do not get misguided to another person.
Format of the IFSC Code UTIB0001729
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 Jhilmila in Balod.
For example, the IFSC Code UTIB0001729 of Axis Bank for the Jhilmila branch includes these elements, identifying the bank and the branch location in Balod and Chhattisgarh accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001729 of Axis Bank for its Jhilmila branch located in Balod, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and 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 find the branch locator section. Search for Jhilmila or Balod to get the exact IFSC Code UTIB0001729.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Balod that will provide accurate information.
How to Use IFSC Code UTIB0001729 for Online Transfers?
Once you have the IFSC Code UTIB0001729 for the Jhilmila 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 UTIB0001729. 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 UTIB0001729.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Jhilmila in Balod, 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 Jhilmila, 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 Balod manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jhilmila Balod branch is UTIB0001729.
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 Village And Post- Jhilmila, Tehsil┬Ûbalod, Ps-Balod, Jhilmila, Dist. Durg, Chattisgarh, Pin 431226.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.