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 Bagodar branch in Giridih, Bagodar, or Jharkhand, 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 Giridih or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0005652. 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, Bagodar, Giridih
Here are the key points that are associated with the IFSC Code UTIB0005652 of Axis Bank for its branch located in Giridih, within the district of Bagodar in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005652 |
| Branch | Bagodar |
| City | Giridih |
| District | Bagodar |
| State | Jharkhand |
| Address | First Floor, Old Gt Road, Above Hdfc Bank, Opp Puja Automobiles, Po Ps Bagodar, Dist Giridih |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Giridih for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005652 for the Bagodar 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0005652 is given to every bank branch, including Axis Bank located in Bagodar, Giridih, Jharkhand, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Giridih.
- 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 Giridih and Bagodar.
- 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 Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Bagodar doesn't end up at another location.
Format of the IFSC Code UTIB0005652
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 Bagodar in Giridih.
For example, the IFSC Code UTIB0005652 of Axis Bank for the Bagodar branch has these elements, identifying the bank and the branch location in Giridih and Jharkhand correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005652 of Axis Bank for its Bagodar branch located in Giridih, 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 Giridih and Bagodar, 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 Bagodar or Giridih to get the exact IFSC Code UTIB0005652.
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 Giridih, you'll get the correct details.
How to Use IFSC Code UTIB0005652 for Online Transfers?
Once you have the IFSC Code UTIB0005652 for the Bagodar branch of Axis Bank in Giridih, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005652. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0005652.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Bagodar in Giridih 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 Bagodar, 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 Giridih to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005652.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is First Floor, Old Gt Road, Above Hdfc Bank, Opp Puja Automobiles, Po Ps Bagodar, Dist Giridih located in Giridih, Bagodar, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
