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 Lunahar branch in Cuttack, Salepur, or Odisha, 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 Cuttack or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0001941. 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, Lunahar, Cuttack
The table below shows the main details of the IFSC Code UTIB0001941 for the Axis Bank branch in Cuttack, which falls under the Salepur district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001941 |
| Branch | Lunahar |
| City | Cuttack |
| District | Salepur |
| State | Odisha |
| Address | Plot No 2429,At Lunahar, Po Salepur,Lunahar, Dist.Cuttack,Orissa,Pin 754202 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Cuttack for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001941 for the Lunahar branch of Axis Bank has a very 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, including Axis Bank located in Lunahar, Cuttack, Odisha, is provided with a unique IFSC like UTIB0001941 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Cuttack.
- 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 Cuttack and Salepur.
- 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Lunahar do not get mixed with another location.
Format of the IFSC Code UTIB0001941
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 Lunahar in Cuttack.
For example, the IFSC Code UTIB0001941 of Axis Bank for the Lunahar branch includes these elements, identifying the bank and the branch location in Cuttack and Odisha accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0001941 of Axis Bank for its Lunahar branch located in Cuttack, 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 Cuttack and Salepur, 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 Lunahar or Cuttack to find the exact IFSC Code UTIB0001941.
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 Cuttack will provide accurate information.
How to Use IFSC Code UTIB0001941 for Online Transfers?
Once you have the IFSC Code UTIB0001941 for the Lunahar branch of Axis Bank in Cuttack, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001941. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0001941.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Lunahar in Cuttack, it can 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 Lunahar, 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 Cuttack manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Lunahar Cuttack branch is UTIB0001941.
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 Plot No 2429,At Lunahar, Po Salepur,Lunahar, Dist.Cuttack,Orissa,Pin 754202.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.