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 Sri Kannikaparameshwari Cooperative Bank Ltd branch in Davangere, Davangere, Karnataka, 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 Davangere or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code UTIB0SKPDVG. 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, Sri Kannikaparameshwari Cooperative Bank Ltd, Davangere
Below in the table are the key details related to IFSC Code UTIB0SKPDVG of Axis Bank for its branch located in Davangere, within the district of Davangere in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SKPDVG |
| Branch | Sri Kannikaparameshwari Cooperative Bank Ltd |
| City | Davangere |
| District | Davangere |
| State | Karnataka |
| Address | D No 165 By 1 2, 3Rd Main, Sri Vasavi Road, Pj Extension |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Davangere for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SKPDVG for the Sri Kannikaparameshwari Cooperative Bank Ltd branch of Axis Bank plays 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 Sri Kannikaparameshwari Cooperative Bank Ltd, Davangere, Karnataka, are given a unique IFSC like UTIB0SKPDVG to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Davangere.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Davangere and Davangere.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Sri Kannikaparameshwari Cooperative Bank Ltd goes to the correct branch. This is important because Axis Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0SKPDVG
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Sri Kannikaparameshwari Cooperative Bank Ltd in Davangere.
For example, the IFSC Code UTIB0SKPDVG of Axis Bank for the Sri Kannikaparameshwari Cooperative Bank Ltd branch includes these elements, identifying the bank and the branch location in Davangere and Karnataka accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SKPDVG of Axis Bank for its Sri Kannikaparameshwari Cooperative Bank Ltd branch located in Davangere, 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 Davangere and Davangere, 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 Sri Kannikaparameshwari Cooperative Bank Ltd or Davangere to get the exact IFSC Code UTIB0SKPDVG.
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 Davangere that will provide accurate information.
How to Use IFSC Code UTIB0SKPDVG for Online Transfers?
Once you have the IFSC Code UTIB0SKPDVG for the Sri Kannikaparameshwari Cooperative Bank Ltd branch of Axis Bank in Davangere, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SKPDVG. 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 UTIB0SKPDVG.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Sri Kannikaparameshwari Cooperative Bank Ltd in Davangere, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Sri Kannikaparameshwari Cooperative Bank Ltd, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Davangere manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SKPDVG.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is D No 165 By 1 2, 3Rd Main, Sri Vasavi Road, Pj Extension located in Davangere, Davangere, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.