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 Vajegadh branch in Banas Kantha, Tharad, Gujarat, 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 Banas Kantha or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code UTIB0002474. 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, Vajegadh, Banas Kantha

Below in the table are the key details related to IFSC Code UTIB0002474 of Axis Bank for its branch located in Banas Kantha, within the district of Tharad in the state of Gujarat.

Particulars Details
Bank Axis Bank
IFSC Code UTIB0002474
Branch Vajegadh
City Banas Kantha
District Tharad
State Gujarat
Address Ground Floor, Plot No. 5, 6, 7, 8 & 9, At Post Vajegadh, Taluka Tharad, District Banaskantha, Gujarat, Pin 385565

These details help users in online banking and for businesses and individuals who use Axis Bank in Banas Kantha for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002474 for the Vajegadh 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Vajegadh, Banas Kantha, Gujarat, is provided with a unique IFSC like UTIB0002474 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Axis Bank branch in Banas Kantha.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Banas Kantha and Tharad.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Gujarat and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Vajegadh do not get mixed with another location.

Format of the IFSC Code UTIB0002474

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 Vajegadh in Banas Kantha.

For example, the IFSC Code UTIB0002474 of Axis Bank for the Vajegadh branch includes these elements, identifying the bank and the branch location in Banas Kantha and Gujarat accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0002474 of Axis Bank for its Vajegadh branch located in Banas Kantha, 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 Banas Kantha and Tharad, 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 Vajegadh or Banas Kantha to find the exact IFSC Code UTIB0002474.

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 Banas Kantha will provide accurate information.

How to Use IFSC Code UTIB0002474 for Online Transfers?

Once you have the IFSC Code UTIB0002474 for the Vajegadh branch of Axis Bank in Banas Kantha, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0002474. 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 UTIB0002474.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Vajegadh in Banas Kantha, 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 Vajegadh, 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 Banas Kantha to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Axis Bank Vajegadh Banas Kantha?

The IFSC Code of the Vajegadh Banas Kantha branch is UTIB0002474.

Is IFSC Code UTIB0002474 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Axis Bank Vajegadh branch?

The branch is located at Ground Floor, Plot No. 5, 6, 7, 8 & 9, At Post Vajegadh, Taluka Tharad, District Banaskantha, Gujarat, Pin 385565.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.