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 Sedam branch in Gulbarga, Sedam, or Karnataka, 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 Gulbarga or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0001332. 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, Sedam, Gulbarga
Here are the main details that are associated with the IFSC Code UTIB0001332 of Axis Bank for its branch located in Gulbarga, within the district of Sedam in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001332 |
| Branch | Sedam |
| City | Gulbarga |
| District | Sedam |
| State | Karnataka |
| Address | Karba, Complex,H.No.3-10-168/3-9-44,Main Road,Sedam,Dist. Gulbarga,Karnataka,Pin 585222 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Gulbarga for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001332 for the Sedam 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 UTIB0001332 is given to every bank branch, including Axis Bank located in Sedam, Gulbarga, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Gulbarga.
- 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 Gulbarga and Sedam.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Sedam doesn't end up at another location.
Format of the IFSC Code UTIB0001332
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sedam in Gulbarga.
For example, the IFSC Code UTIB0001332 of Axis Bank for the Sedam branch includes these elements, identifying the bank and the branch location in Gulbarga and Karnataka accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001332 of Axis Bank for its Sedam branch located in Gulbarga, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Gulbarga and Sedam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Sedam or Gulbarga to get the exact IFSC Code UTIB0001332.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Gulbarga that will provide accurate information.
How to Use IFSC Code UTIB0001332 for Online Transfers?
Once you have the IFSC Code UTIB0001332 for the Sedam branch of Axis Bank in Gulbarga, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0001332. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0001332.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Sedam in Gulbarga, your payment can get delayed or might not go through at all.
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 Sedam, 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 Gulbarga to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001332.
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 Karba, Complex,H.No.3-10-168/3-9-44,Main Road,Sedam,Dist. Gulbarga,Karnataka,Pin 585222 located in Gulbarga, Sedam, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
