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 Kolenchery branch in Ernakulam, Ernakulam, Kerala, 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 Ernakulam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0004050. 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, Kolenchery, Ernakulam
Here are the main details that are associated with the IFSC Code UTIB0004050 of Axis Bank for its branch located in Ernakulam, within the district of Ernakulam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004050 |
| Branch | Kolenchery |
| City | Ernakulam |
| District | Ernakulam |
| State | Kerala |
| Address | Nechupadam Spire Kseb Road Kolenchery 682311 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Ernakulam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004050 for the Kolenchery 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 Kolenchery, Ernakulam, Kerala, are allotted a unique IFSC like UTIB0004050 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ernakulam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ernakulam and Ernakulam.
- 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 Kolenchery reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code UTIB0004050
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Kolenchery in Ernakulam.
For example, the IFSC Code UTIB0004050 of Axis Bank for the Kolenchery branch has these elements, identifying the bank and the branch location in Ernakulam and Kerala correctly.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004050 of Axis Bank for its Kolenchery branch located in Ernakulam, the following methods can help:
Cheque Book
The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Axis Bank branches in Ernakulam and Ernakulam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Axis Bank and look for the branch locator section, then search for Kolenchery or Ernakulam to get the exact IFSC Code UTIB0004050.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Ernakulam, then it will provide you proper information.
How to Use IFSC Code UTIB0004050 for Online Transfers?
Once you have the IFSC Code UTIB0004050 for the Kolenchery branch of Axis Bank in Ernakulam, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004050. 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 UTIB0004050.
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 Kolenchery in Ernakulam, 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 Kolenchery, 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 Ernakulam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Kolenchery Ernakulam branch is UTIB0004050.
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 Nechupadam Spire Kseb Road Kolenchery 682311.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
