The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Ranibennur branch in Haveri, Ranebennur, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Axis Bank located in Haveri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0000825. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Ranibennur, Haveri
Here are the key points that are associated with the IFSC Code UTIB0000825 of Axis Bank for its branch located in Haveri, within the district of Ranebennur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000825 |
| Branch | Ranibennur |
| City | Haveri |
| District | Ranebennur |
| State | Karnataka |
| Address | 88, R S No. 821 P B Road, Ranibennur Dist. Haveri, Karnataka Pin 581115 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Haveri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000825 for the Ranibennur branch of Axis Bank has a very 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 UTIB0000825 is given to every bank branch, including Axis Bank located in Ranibennur, Haveri, 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 Haveri.
- 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 Haveri and Ranebennur.
- 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 Ranibennur doesn't end up at another location.
Format of the IFSC Code UTIB0000825
The format of the IFSC Code for banks, including Axis Bank, has 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 Ranibennur in Haveri.
For example, the IFSC Code UTIB0000825 of Axis Bank for the Ranibennur branch includes these elements, identifying the bank and the branch location in Haveri and Karnataka correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000825 of Axis Bank for its Ranibennur branch located in Haveri, 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 Haveri and Ranebennur, 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 Ranibennur or Haveri to find the exact IFSC Code UTIB0000825.
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 Haveri will provide accurate information.
How to Use IFSC Code UTIB0000825 for Online Transfers?
Once you have the IFSC Code UTIB0000825 for the Ranibennur branch of Axis Bank in Haveri, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000825. 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 UTIB0000825.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Ranibennur in Haveri may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Ranibennur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Haveri manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0000825.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 88, R S No. 821 P B Road, Ranibennur Dist. Haveri, Karnataka Pin 581115 located in Haveri, Ranebennur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.