IFSC Code of Axis Bank, Eluru Onetown, Eluru, Andhra Pradesh- UTIB0003553

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 Eluru Onetown branch in Eluru, Eluru, Andhra Pradesh, 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 Eluru or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code UTIB0003553. 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, Eluru Onetown, Eluru

Here are the key points that are associated with the IFSC Code UTIB0003553 of Axis Bank for its branch located in Eluru, within the district of Eluru in the state of Andhra Pradesh.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Eluru for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003553 for the Eluru Onetown 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, including Axis Bank located in Eluru Onetown, Eluru, Andhra Pradesh, is provided with a unique IFSC like UTIB0003553 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Eluru.
• 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 Eluru and Eluru.
• 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 Andhra Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Eluru Onetown do not get mixed with another location.

Format of the IFSC Code UTIB0003553

The format of the IFSC Code for banks, including Axis Bank, has 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 Eluru Onetown in Eluru.

For example, the IFSC Code UTIB0003553 of Axis Bank for the Eluru Onetown branch includes these elements, identifying the bank and the branch location in Eluru and Andhra Pradesh correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0003553 of Axis Bank for its Eluru Onetown branch located in Eluru, 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

You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Eluru and Eluru, print them 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 Eluru Onetown or Eluru to get the exact IFSC Code UTIB0003553.

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 Eluru, you'll get the correct details.

How to Use IFSC Code UTIB0003553 for Online Transfers?

If you have the IFSC Code UTIB0003553 for the Eluru Onetown branch of Axis Bank in Eluru, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0003553. 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 UTIB0003553.

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 Eluru Onetown in Eluru, it may 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 Eluru Onetown, 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 Eluru to handle online money transfers and get their cheques cleared smoothly.