IFSC Code of Axis Bank, Nawada Shekhan, Bareilly, Uttar Pradesh- UTIB0005502

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 Nawada Shekhan branch in Bareilly, Bareilly, Uttar Pradesh, 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 Bareilly or anywhere in Uttar Pradesh can easily transfer funds instantly by using the correct IFSC Code UTIB0005502. 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, Nawada Shekhan, Bareilly

Here are the main details that are associated with the IFSC Code UTIB0005502 of Axis Bank for its branch located in Bareilly, within the district of Bareilly in the state of Uttar Pradesh.

These details help users in online banking and for businesses and individuals who use Axis Bank in Bareilly for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005502 for the Nawada Shekhan 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0005502 is given to every bank branch, including Axis Bank located in Nawada Shekhan, Bareilly, Uttar Pradesh, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Bareilly.
• 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 Bareilly and Bareilly.
• 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 Uttar Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Nawada Shekhan doesn't end up at another location.

Format of the IFSC Code UTIB0005502

The format of the IFSC Code for banks, including Axis Bank, has 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 Nawada Shekhan in Bareilly.

For example, the IFSC Code UTIB0005502 of Axis Bank for the Nawada Shekhan branch includes these elements, identifying the bank and the branch location in Bareilly and Uttar Pradesh correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0005502 of Axis Bank for its Nawada Shekhan branch located in Bareilly, 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 Bareilly and Bareilly, 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 Nawada Shekhan or Bareilly to get the exact IFSC Code UTIB0005502.

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 Bareilly that will provide accurate information.

How to Use IFSC Code UTIB0005502 for Online Transfers?

Once you have the IFSC Code UTIB0005502 for the Nawada Shekhan branch of Axis Bank in Bareilly, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0005502. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 UTIB0005502.

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