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 Bhadrak branch in Bhadrak, Bhadrak, Odisha, 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 Bhadrak or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0000398. 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, Bhadrak, Bhadrak
Below in the table are the key details related to IFSC Code UTIB0000398 of Axis Bank for its branch located in Bhadrak, within the district of Bhadrak in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000398 |
| Branch | Bhadrak |
| City | Bhadrak |
| District | Bhadrak |
| State | Odisha |
| Address | R.C. Behera Market Complex Salandi By Pass |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Bhadrak for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000398 for the Bhadrak 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 UTIB0000398 is given to every bank branch, including Axis Bank located in Bhadrak, Bhadrak, Odisha, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Bhadrak.
- 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 Bhadrak and Bhadrak.
- 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 Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Bhadrak doesn't end up at another location.
Format of the IFSC Code UTIB0000398
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 Bhadrak in Bhadrak.
For example, the IFSC Code UTIB0000398 of Axis Bank for the Bhadrak branch includes these elements, identifying the bank and the branch location in Bhadrak and Odisha accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000398 of Axis Bank for its Bhadrak branch located in Bhadrak, 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 Bhadrak and Bhadrak, 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 Bhadrak or Bhadrak to find the exact IFSC Code UTIB0000398.
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 Bhadrak will provide accurate information.
How to Use IFSC Code UTIB0000398 for Online Transfers?
Once you have the IFSC Code UTIB0000398 for the Bhadrak branch of Axis Bank in Bhadrak, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000398. 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 UTIB0000398.
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 Bhadrak in Bhadrak, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Bhadrak, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Bhadrak manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhadrak Bhadrak branch is UTIB0000398.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at R.C. Behera Market Complex Salandi By Pass.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
