IFSC Code of Axis Bank, Somnath Dabhel, Daman, Gujarat — UTIB0004389

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Somnath Dabhel branch in Daman, Daman, Gujarat, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Axis Bank situated in Daman or anywhere in Gujarat can easily transfer funds instantly by using the correct IFSC Code UTIB0004389. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Somnath Dabhel, Daman

Here are some of the key details that come with the IFSC Code UTIB0004389 of Axis Bank for its branch located in Daman, within the district of Daman in the state of Gujarat.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Daman for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004389 for the Somnath Dabhel branch of Axis Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Somnath Dabhel, Daman, Gujarat, is provided a unique IFSC like UTIB0004389 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Axis Bank branch in Daman.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Daman and Daman.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Somnath Dabhel do not get misguided to another person.

Format of the IFSC Code UTIB0004389

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 Somnath Dabhel in Daman.

For example, the IFSC Code UTIB0004389 of Axis Bank for the Somnath Dabhel branch includes these elements, identifying the bank and the branch location in Daman and Gujarat accurately.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0004389 of Axis Bank for its Somnath Dabhel branch located in Daman, the following methods can help:

Cheque Book

The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Axis Bank branches in Daman and Daman, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Axis Bank and look for the branch locator section, then search for Somnath Dabhel or Daman to get the exact IFSC Code UTIB0004389.

Mobile Banking App

If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Daman, then it will provide you proper information.

How to Use IFSC Code UTIB0004389 for Online Transfers?

If you have the IFSC Code UTIB0004389 for the Somnath Dabhel branch of Axis Bank in Daman, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0004389. 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 UTIB0004389.

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 Somnath Dabhel in Daman, 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 Somnath Dabhel, 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 Daman to handle online money transfers and get their cheques cleared smoothly.