For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Chatrapur branch in Ganjam, Chatrapur, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Ganjam or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0003023. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Chatrapur, Ganjam
Here are the main details that are associated with the IFSC Code UTIB0003023 of Axis Bank for its branch located in Ganjam, within the district of Chatrapur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003023 |
| Branch | Chatrapur |
| City | Ganjam |
| District | Chatrapur |
| State | Odisha |
| Address | Ground Floor Rikkapalli Main Rd Ward No 7 Ward No 14 Po Bazar Post Off Chatrapur Dist Ganjam 761020 |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Ganjam for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0003023 for the Chatrapur branch of Axis Bank is vital.
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 Chatrapur, Ganjam, Odisha, are allotted a unique IFSC like UTIB0003023 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ganjam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ganjam and Chatrapur.
- 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 Chatrapur reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code UTIB0003023
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 Chatrapur in Ganjam.
For example, the IFSC Code UTIB0003023 of Axis Bank for the Chatrapur branch includes these elements, identifying the bank and the branch location in Ganjam and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0003023 of Axis Bank for its Chatrapur branch located in Ganjam, 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 Ganjam and Chatrapur, 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 Chatrapur or Ganjam to get the exact IFSC Code UTIB0003023.
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 Ganjam, then it will provide you proper information.
How to Use IFSC Code UTIB0003023 for Online Transfers?
Once you have the IFSC Code UTIB0003023 for the Chatrapur branch of Axis Bank in Ganjam, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003023. 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 UTIB0003023.
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 Chatrapur in Ganjam, 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 Chatrapur, 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 Ganjam manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Chatrapur Ganjam branch is UTIB0003023.
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 Ground Floor Rikkapalli Main Rd Ward No 7 Ward No 14 Po Bazar Post Off Chatrapur Dist Ganjam 761020.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
