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 Pakhnar Branch branch in Bastar, Pakhnar, Chhattisgarh, 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 Bastar or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0003926. 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, Pakhnar Branch, Bastar
Here are the main details that are associated with the IFSC Code UTIB0003926 of Axis Bank for its branch located in Bastar, within the district of Pakhnar in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003926 |
| Branch | Pakhnar Branch |
| City | Bastar |
| District | Pakhnar |
| State | Chhattisgarh |
| Address | Axis Bank Gram Panchayat Pakhnar Darbha |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Bastar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003926 for the Pakhnar Branch branch of Axis Bank plays a vital 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, along with Axis Bank located in Pakhnar Branch, Bastar, Chhattisgarh, are given a unique IFSC like UTIB0003926 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bastar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Bastar and Pakhnar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Pakhnar Branch goes to the correct branch. This is important because Axis Bank has thousands of branches in Chhattisgarh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0003926
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 Pakhnar Branch in Bastar.
For example, the IFSC Code UTIB0003926 of Axis Bank for the Pakhnar Branch branch includes these elements, identifying the bank and the branch location in Bastar and Chhattisgarh accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0003926 of Axis Bank for its Pakhnar Branch branch located in Bastar, 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 Bastar and Pakhnar, 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 Pakhnar Branch or Bastar to find the exact IFSC Code UTIB0003926.
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 Bastar will provide accurate information.
How to Use IFSC Code UTIB0003926 for Online Transfers?
Once you have the IFSC Code UTIB0003926 for the Pakhnar Branch branch of Axis Bank in Bastar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003926. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0003926.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Pakhnar Branch in Bastar, it can 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 Pakhnar Branch, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Bastar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003926.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Axis Bank Gram Panchayat Pakhnar Darbha located in Bastar, Pakhnar, Chhattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
