For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Chandabali branch in Bhadrak, Chandabali, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Bhadrak or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0005568. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Chandabali, Bhadrak
The table below shows the main details of the IFSC Code UTIB0005568 for the Axis Bank branch in Bhadrak, which falls under the Chandabali district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005568 |
| Branch | Chandabali |
| City | Bhadrak |
| District | Chandabali |
| State | Odisha |
| Address | Axis Bank Ltd, Ground Floor, Near Chandabali Mart, At Po Chandabali |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Bhadrak for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005568 for the Chandabali 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 Chandabali, Bhadrak, Odisha, are allotted a unique IFSC like UTIB0005568 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhadrak.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhadrak and Chandabali.
- 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 Chandabali reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code UTIB0005568
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 Chandabali in Bhadrak.
For example, the IFSC Code UTIB0005568 of Axis Bank for the Chandabali branch includes these elements, identifying the bank and the branch location in Bhadrak and Odisha correctly.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0005568 of Axis Bank for its Chandabali branch located in Bhadrak, the following methods can help:
Cheque Book
The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Axis Bank branches in Bhadrak and Chandabali, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Axis Bank and look for the branch locator section, then search for Chandabali or Bhadrak to get the exact IFSC Code UTIB0005568.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Bhadrak, then it will provide you proper information.
How to Use IFSC Code UTIB0005568 for Online Transfers?
Once you have the IFSC Code UTIB0005568 for the Chandabali branch of Axis Bank in Bhadrak, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005568. 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 UTIB0005568.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Chandabali in Bhadrak, 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 Chandabali, 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 Bhadrak manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005568.
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 Axis Bank Ltd, Ground Floor, Near Chandabali Mart, At Po Chandabali located in Bhadrak, Chandabali, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.