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 Balussery branch in Calicut, Calicut, Kerala, 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 Calicut or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0005343. 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, Balussery, Calicut
Here are the key points that are associated with the IFSC Code UTIB0005343 of Axis Bank for its branch located in Calicut, within the district of Calicut in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005343 |
| Branch | Balussery |
| City | Calicut |
| District | Calicut |
| State | Kerala |
| Address | Metro Arcade, Kozhikode Balussery Road, Balussery Po, Kozhikode, Kerala 673612 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Calicut for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005343 for the Balussery 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 Balussery, Calicut, Kerala, are allotted a unique IFSC like UTIB0005343 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Calicut.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Calicut and Calicut.
- 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 Balussery reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code UTIB0005343
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Balussery in Calicut.
For example, the IFSC Code UTIB0005343 of Axis Bank for the Balussery branch has these elements, identifying the bank and the branch location in Calicut and Kerala correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005343 of Axis Bank for its Balussery branch located in Calicut, 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 Calicut and Calicut, 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 Balussery or Calicut to get the exact IFSC Code UTIB0005343.
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 Calicut, you'll get the correct details.
How to Use IFSC Code UTIB0005343 for Online Transfers?
If you have the IFSC Code UTIB0005343 for the Balussery branch of Axis Bank in Calicut, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005343. Transfers are processed in batches. 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0005343.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Balussery in Calicut, it may 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 Balussery, 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 Calicut manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Balussery Calicut branch is UTIB0005343.
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 Metro Arcade, Kozhikode Balussery Road, Balussery Po, Kozhikode, Kerala 673612.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.