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 Laban branch in East Khasi Hills, Shillong, or Meghalaya, 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 East Khasi Hills or anywhere in Meghalaya can transfer funds instantly by using the correct IFSC Code UTIB0003049. 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, Laban, East Khasi Hills
The table below shows the main details of the IFSC Code UTIB0003049 for the Axis Bank branch in East Khasi Hills, which falls under the Shillong district in Meghalaya.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003049 |
| Branch | Laban |
| City | East Khasi Hills |
| District | Shillong |
| State | Meghalaya |
| Address | First Floor Abp Road |
These details help users in online banking and for businesses and individuals who use Axis Bank in East Khasi Hills for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003049 for the Laban branch of Axis Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UTIB0003049 is given to every bank branch, including Axis Bank located in Laban, East Khasi Hills, Meghalaya, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in East Khasi Hills.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like East Khasi Hills and Shillong.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Meghalaya and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Laban doesn't end up at another location.
Format of the IFSC Code UTIB0003049
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 Laban in East Khasi Hills.
For example, the IFSC Code UTIB0003049 of Axis Bank for the Laban branch includes these elements, identifying the bank and the branch location in East Khasi Hills and Meghalaya accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003049 of Axis Bank for its Laban branch located in East Khasi Hills, 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 East Khasi Hills and Shillong, 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 Laban or East Khasi Hills to get the exact IFSC Code UTIB0003049.
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 East Khasi Hills, you'll get the correct details.
How to Use IFSC Code UTIB0003049 for Online Transfers?
Once you have the IFSC Code UTIB0003049 for the Laban branch of Axis Bank in East Khasi Hills, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003049. 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 UTIB0003049.
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 Laban in East Khasi Hills, 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 Laban, 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 East Khasi Hills to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Laban East Khasi Hills branch is UTIB0003049.
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 First Floor Abp Road.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
