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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Yellandu branch in Bhadadri Kothagudem, Yellandu, or Telangana, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Bhadadri Kothagudem or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code UTIB0004056. 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, Yellandu, Bhadadri Kothagudem
Below in the table are the key details related to IFSC Code UTIB0004056 of Axis Bank for its branch located in Bhadadri Kothagudem, within the district of Yellandu in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004056 |
| Branch | Yellandu |
| City | Bhadadri Kothagudem |
| District | Yellandu |
| State | Telangana |
| Address | Gr Flr No 2 2 57 2 2 58 Nr Old Bus Stand Aitha Vari Complex Yellandu 507123 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Bhadadri Kothagudem for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004056 for the Yellandu branch of Axis Bank has 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, along with Axis Bank located in Yellandu, Bhadadri Kothagudem, Telangana, are allotted a unique IFSC like UTIB0004056 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhadadri Kothagudem.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhadadri Kothagudem and Yellandu.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Yellandu reaches the right place, even though there are thousands of branches in Telangana and across India.
Format of the IFSC Code UTIB0004056
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 Yellandu in Bhadadri Kothagudem.
For example, the IFSC Code UTIB0004056 of Axis Bank for the Yellandu branch includes these elements, identifying the bank and the branch location in Bhadadri Kothagudem and Telangana accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0004056 of Axis Bank for its Yellandu branch located in Bhadadri Kothagudem, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Bhadadri Kothagudem and Yellandu, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Yellandu or Bhadadri Kothagudem to get the exact IFSC Code UTIB0004056.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Bhadadri Kothagudem, you'll get the correct details.
How to Use IFSC Code UTIB0004056 for Online Transfers?
Once you have the IFSC Code UTIB0004056 for the Yellandu branch of Axis Bank in Bhadadri Kothagudem, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004056. 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 UTIB0004056.
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 Yellandu in Bhadadri Kothagudem, it can 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 Yellandu, 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 Bhadadri Kothagudem manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004056.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Gr Flr No 2 2 57 2 2 58 Nr Old Bus Stand Aitha Vari Complex Yellandu 507123 located in Bhadadri Kothagudem, Yellandu, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.