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 Patan Durg branch in Durg, Durg, or Chhattisgarh, 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 Durg or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0005022. 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, Patan Durg, Durg
Below in the table are the key details related to IFSC Code UTIB0005022 of Axis Bank for its branch located in Durg, within the district of Durg in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005022 |
| Branch | Patan Durg |
| City | Durg |
| District | Durg |
| State | Chhattisgarh |
| Address | Sakha Kunj, Ground Floor, Patan Tarighat Road, Near Rajiv Chowk, Po Ps Patan |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Durg for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005022 for the Patan Durg branch of Axis Bank plays a vital 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 Patan Durg, Durg, Chhattisgarh, is provided with a unique IFSC like UTIB0005022 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Durg.
- 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 Durg and Durg.
- 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 Chhattisgarh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Patan Durg do not get mixed with another location.
Format of the IFSC Code UTIB0005022
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 Patan Durg in Durg.
For example, the IFSC Code UTIB0005022 of Axis Bank for the Patan Durg branch includes these elements, identifying the bank and the branch location in Durg and Chhattisgarh accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005022 of Axis Bank for its Patan Durg branch located in Durg, 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 Durg and Durg, 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 Patan Durg or Durg to get the exact IFSC Code UTIB0005022.
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 Durg that will provide accurate information.
How to Use IFSC Code UTIB0005022 for Online Transfers?
Once you have the IFSC Code UTIB0005022 for the Patan Durg branch of Axis Bank in Durg, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005022. 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 UTIB0005022.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Patan Durg in Durg, your payment can get delayed or might not go through at all.
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 Patan Durg, 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 Durg to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005022.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sakha Kunj, Ground Floor, Patan Tarighat Road, Near Rajiv Chowk, Po Ps Patan located in Durg, Durg, Chhattisgarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
