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 Thirunagar Colony Erode branch in Erode, Erode, or Tamil Nadu, 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 Erode or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code UTIB0003867. 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, Thirunagar Colony Erode, Erode
The table below shows the main details of the IFSC Code UTIB0003867 for the Axis Bank branch in Erode, which falls under the Erode district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003867 |
| Branch | Thirunagar Colony Erode |
| City | Erode |
| District | Erode |
| State | Tamil Nadu |
| Address | 311, Iii Street, Thirunagar Colony, Erode-638003 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Erode for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003867 for the Thirunagar Colony Erode branch of Axis Bank has 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 Thirunagar Colony Erode, Erode, Tamil Nadu, is provided with a unique IFSC like UTIB0003867 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Erode.
- 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 Erode and Erode.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Thirunagar Colony Erode do not get mixed with another location.
Format of the IFSC Code UTIB0003867
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 Thirunagar Colony Erode in Erode.
For example, the IFSC Code UTIB0003867 of Axis Bank for the Thirunagar Colony Erode branch has these elements, identifying the bank and the branch location in Erode and Tamil Nadu correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0003867 of Axis Bank for its Thirunagar Colony Erode branch located in Erode, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Erode and Erode, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Thirunagar Colony Erode or Erode to find the exact IFSC Code UTIB0003867.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Erode will provide accurate information.
How to Use IFSC Code UTIB0003867 for Online Transfers?
If you have the IFSC Code UTIB0003867 for the Thirunagar Colony Erode branch of Axis Bank in Erode, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003867. 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 UTIB0003867.
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 Thirunagar Colony Erode in Erode, 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 Thirunagar Colony Erode, 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 Erode to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003867.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is 311, Iii Street, Thirunagar Colony, Erode-638003 located in Erode, Erode, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
