IFSC Code of Axis Bank, Richards Park, Bangalore, Karnataka- UTIB0003408

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 Richards Park branch in Bangalore, Bangalore, Karnataka, 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 Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0003408. 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, Richards Park, Bangalore

Below in the table are the key details related to IFSC Code UTIB0003408 of Axis Bank for its branch located in Bangalore, within the district of Bangalore in the state of Karnataka.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Bangalore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003408 for the Richards Park branch of Axis Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0003408 is given to every bank branch, including Axis Bank located in Richards Park, Bangalore, Karnataka, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Bangalore.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Bangalore and Bangalore.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Richards Park doesn't end up at another location.

Format of the IFSC Code UTIB0003408

This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Richards Park in Bangalore.

For example, the IFSC Code UTIB0003408 of Axis Bank for the Richards Park branch includes these elements, identifying the bank and the branch location in Bangalore and Karnataka accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0003408 of Axis Bank for its Richards Park branch located in Bangalore, 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 Bangalore and Bangalore, 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 Richards Park or Bangalore to find the exact IFSC Code UTIB0003408.

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 Bangalore will provide accurate information.

How to Use IFSC Code UTIB0003408 for Online Transfers?

Once you have the IFSC Code UTIB0003408 for the Richards Park branch of Axis Bank in Bangalore, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0003408. 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 UTIB0003408.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Richards Park in Bangalore 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 Richards Park, 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 Bangalore to handle online money transfers and get their cheques cleared smoothly.