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 Petarbar branch in Bokaro, Petarbar, Jharkhand, 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 Bokaro or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0005653. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Petarbar, Bokaro
Below in the table are the key details related to IFSC Code UTIB0005653 of Axis Bank for its branch located in Bokaro, within the district of Petarbar in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005653 |
| Branch | Petarbar |
| City | Bokaro |
| District | Petarbar |
| State | Jharkhand |
| Address | First Floor, Shanti Vilash, Nh 23, Above Trends Mall, Po Ps Petarbar, Bokaro, Jharkhand |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Bokaro for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005653 for the Petarbar branch of Axis Bank is vital.
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, including Axis Bank located in Petarbar, Bokaro, Jharkhand, is provided with a unique IFSC like UTIB0005653 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Bokaro.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bokaro and Petarbar.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Petarbar do not get mixed with another location.
Format of the IFSC Code UTIB0005653
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 Petarbar in Bokaro.
For example, the IFSC Code UTIB0005653 of Axis Bank for the Petarbar branch includes these elements, identifying the bank and the branch location in Bokaro and Jharkhand accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005653 of Axis Bank for its Petarbar branch located in Bokaro, 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 Bokaro and Petarbar, 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 Petarbar or Bokaro to get the exact IFSC Code UTIB0005653.
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 Bokaro, you'll get the correct details.
How to Use IFSC Code UTIB0005653 for Online Transfers?
Once you have the IFSC Code UTIB0005653 for the Petarbar branch of Axis Bank in Bokaro, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005653. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹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 UTIB0005653.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Petarbar in Bokaro may 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 Petarbar, 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 Bokaro manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005653.
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 First Floor, Shanti Vilash, Nh 23, Above Trends Mall, Po Ps Petarbar, Bokaro, Jharkhand located in Bokaro, Petarbar, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.