IFSC Code of Axis Bank, Payyannur, Payyannur, Kerala- UTIB0001096

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 Payyannur branch in Cannur, Payyannur, or Kerala, 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 Cannur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0001096. 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, Payyannur, Cannur

Here are the key points that are associated with the IFSC Code UTIB0001096 of Axis Bank for its branch located in Cannur, within the district of Payyannur in the state of Kerala.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Cannur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001096 for the Payyannur 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0001096 is given to every bank branch, including Axis Bank located in Payyannur, Cannur, Kerala, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Cannur.
• 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 Cannur and Payyannur.
• 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 Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Payyannur doesn't end up at another location.

Format of the IFSC Code UTIB0001096

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): 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 Payyannur in Cannur.

For example, the IFSC Code UTIB0001096 of Axis Bank for the Payyannur branch includes these elements, identifying the bank and the branch location in Cannur and Kerala accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0001096 of Axis Bank for its Payyannur branch located in Cannur, 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 Cannur and Payyannur, 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 Payyannur or Cannur to find the exact IFSC Code UTIB0001096.

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 Cannur will provide accurate information.

How to Use IFSC Code UTIB0001096 for Online Transfers?

If you have the IFSC Code UTIB0001096 for the Payyannur branch of Axis Bank in Cannur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001096. 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 UTIB0001096.

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 Payyannur in Cannur, it may result in delayed or failed transactions.

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 Payyannur, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Cannur to handle online money transfers and get their cheques cleared smoothly.