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 Ola branch in Bankura, Ola, West Bengal, 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 Bankura or anywhere in West Bengal can transfer funds instantly by using the correct IFSC Code UTIB0004737. 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, Ola, Bankura
Below in the table are the key details related to IFSC Code UTIB0004737 of Axis Bank for its branch located in Bankura, within the district of Ola in the state of West Bengal.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004737 |
| Branch | Ola |
| City | Bankura |
| District | Ola |
| State | West Bengal |
| Address | Khatian No 210 Jl No 109, On Ola Jaykrishnapur Road, Po Sirsara,Ps Onda,Near Kali Mandir,Pin 722155 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Bankura for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004737 for the Ola 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 provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Ola, Bankura, West Bengal, is provided with a unique IFSC like UTIB0004737 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Bankura.
- 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 Bankura and Ola.
- 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 West Bengal and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Ola do not get mixed with another location.
Format of the IFSC Code UTIB0004737
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 Ola in Bankura.
For example, the IFSC Code UTIB0004737 of Axis Bank for the Ola branch includes these elements, identifying the bank and the branch location in Bankura and West Bengal accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0004737 of Axis Bank for its Ola branch located in Bankura, 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 Bankura and Ola, 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 Ola or Bankura to find the exact IFSC Code UTIB0004737.
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 Bankura will provide accurate information.
How to Use IFSC Code UTIB0004737 for Online Transfers?
Once you have the IFSC Code UTIB0004737 for the Ola branch of Axis Bank in Bankura, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004737. 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 UTIB0004737.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Ola in Bankura may result in delayed or failed transactions.
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 Ola, 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 Bankura manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004737.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Khatian No 210 Jl No 109, On Ola Jaykrishnapur Road, Po Sirsara,Ps Onda,Near Kali Mandir,Pin 722155 located in Bankura, Ola, West Bengal.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.