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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Diu branch in Diu, Diu, Daman And Diu, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Diu or anywhere in Daman And Diu can transfer funds instantly by using the correct IFSC Code UTIB0001599. 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, Diu, Diu
Below in the table are the key details related to IFSC Code UTIB0001599 of Axis Bank for its branch located in Diu, within the district of Diu in the state of Daman And Diu.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001599 |
| Branch | Diu |
| City | Diu |
| District | Diu |
| State | Daman And Diu |
| Address | Ground Floor Jiva Bhai Super Market, Nr Goldmoon Bar, Bunder Road-Diu - 362520 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Diu for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001599 for the Diu branch of Axis Bank plays a vital role.
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 Diu, Diu, Daman And Diu, is provided a unique IFSC like UTIB0001599 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Diu.
- 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 Diu and Diu.
- 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 Daman And Diu and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Diu do not get misguided to another person.
Format of the IFSC Code UTIB0001599
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Diu in Diu.
For example, the IFSC Code UTIB0001599 of Axis Bank for the Diu branch includes these elements, identifying the bank and the branch location in Diu and Daman And Diu accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001599 of Axis Bank for its Diu branch located in Diu, 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 Diu and Diu, 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 Diu or Diu to get the exact IFSC Code UTIB0001599.
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 Diu, you'll get the correct details.
How to Use IFSC Code UTIB0001599 for Online Transfers?
Once you have the IFSC Code UTIB0001599 for the Diu branch of Axis Bank in Diu, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001599. 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 UTIB0001599.
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 Diu in Diu, 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 Diu, 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 Diu manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Diu Diu branch is UTIB0001599.
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 Ground Floor Jiva Bhai Super Market, Nr Goldmoon Bar, Bunder Road-Diu - 362520.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.