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 Sriramchandrapur branch in Dhenkanal, Gondia, Odisha, 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 Dhenkanal or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code UTIB0002331. 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, Sriramchandrapur, Dhenkanal
The table below shows the main details of the IFSC Code UTIB0002331 for the Axis Bank branch in Dhenkanal, which falls under the Gondia district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002331 |
| Branch | Sriramchandrapur |
| City | Dhenkanal |
| District | Gondia |
| State | Odisha |
| Address | Ground Floor, Vill Sriramchandrapur, Block & Po - Gondia, Gram Panchayat Gondia, Dist Dhenkanal, Orissa, Pin 759016 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Dhenkanal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002331 for the Sriramchandrapur 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 Sriramchandrapur, Dhenkanal, Odisha, are allotted a unique IFSC like UTIB0002331 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dhenkanal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dhenkanal and Gondia.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Sriramchandrapur reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code UTIB0002331
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 Sriramchandrapur in Dhenkanal.
For example, the IFSC Code UTIB0002331 of Axis Bank for the Sriramchandrapur branch includes these elements, identifying the bank and the branch location in Dhenkanal and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002331 of Axis Bank for its Sriramchandrapur branch located in Dhenkanal, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Dhenkanal and Gondia, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Sriramchandrapur or Dhenkanal to get the exact IFSC Code UTIB0002331.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Dhenkanal, you'll get the correct details.
How to Use IFSC Code UTIB0002331 for Online Transfers?
If you have the IFSC Code UTIB0002331 for the Sriramchandrapur branch of Axis Bank in Dhenkanal, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002331. 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 UTIB0002331.
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 Sriramchandrapur in Dhenkanal, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Sriramchandrapur, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Dhenkanal manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002331.
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 Ground Floor, Vill Sriramchandrapur, Block & Po - Gondia, Gram Panchayat Gondia, Dist Dhenkanal, Orissa, Pin 759016 located in Dhenkanal, Gondia, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.