The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Shiva Sahakari Bank Nmt Tarikere branch in Chikmagalur, Tarikere, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in Chikmagalur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0SSVA01. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Shiva Sahakari Bank Nmt Tarikere, Chikmagalur
Here are the main details that are associated with the IFSC Code UTIB0SSVA01 of Axis Bank for its branch located in Chikmagalur, within the district of Tarikere in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SSVA01 |
| Branch | Shiva Sahakari Bank Nmt Tarikere |
| City | Chikmagalur |
| District | Tarikere |
| State | Karnataka |
| Address | Near Lic Office B H Road Tarikere 577228 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Chikmagalur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0SSVA01 for the Shiva Sahakari Bank Nmt Tarikere 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0SSVA01 is given to every bank branch, including Axis Bank located in Shiva Sahakari Bank Nmt Tarikere, Chikmagalur, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Chikmagalur.
- 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 Chikmagalur and Tarikere.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Shiva Sahakari Bank Nmt Tarikere doesn't end up at another location.
Format of the IFSC Code UTIB0SSVA01
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 Shiva Sahakari Bank Nmt Tarikere in Chikmagalur.
For example, the IFSC Code UTIB0SSVA01 of Axis Bank for the Shiva Sahakari Bank Nmt Tarikere branch includes these elements, identifying the bank and the branch location in Chikmagalur and Karnataka accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SSVA01 of Axis Bank for its Shiva Sahakari Bank Nmt Tarikere branch located in Chikmagalur, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Chikmagalur and Tarikere, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Shiva Sahakari Bank Nmt Tarikere or Chikmagalur to get the exact IFSC Code UTIB0SSVA01.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Chikmagalur that will provide accurate information.
How to Use IFSC Code UTIB0SSVA01 for Online Transfers?
Once you have the IFSC Code UTIB0SSVA01 for the Shiva Sahakari Bank Nmt Tarikere branch of Axis Bank in Chikmagalur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SSVA01. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0SSVA01.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Shiva Sahakari Bank Nmt Tarikere in Chikmagalur, 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 Shiva Sahakari Bank Nmt Tarikere, 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 Chikmagalur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shiva Sahakari Bank Nmt Tarikere Chikmagalur branch is UTIB0SSVA01.
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 Near Lic Office B H Road Tarikere 577228.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.