There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Shree Basaveshwar Urban Co Op Bank branch in Haveri, Ranebennur, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Axis Bank situated in Haveri or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code UTIB0SBUBRN. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Shree Basaveshwar Urban Co Op Bank, Haveri
The table below shows the main details of the IFSC Code UTIB0SBUBRN for the Axis Bank branch in Haveri, which falls under the Ranebennur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SBUBRN |
| Branch | Shree Basaveshwar Urban Co Op Bank |
| City | Haveri |
| District | Ranebennur |
| State | Karnataka |
| Address | Apmc Road Ranebennur 581115 |
These details helps 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 UTIB0SBUBRN for the Shree Basaveshwar Urban Co Op Bank branch of Axis Bank plays a vital 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 UTIB0SBUBRN is given to every bank branch, including Axis Bank located in Shree Basaveshwar Urban Co Op Bank, 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 Shree Basaveshwar Urban Co Op Bank doesn't end up at another location.
Format of the IFSC Code UTIB0SBUBRN
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 Shree Basaveshwar Urban Co Op Bank in Haveri.
For example, the IFSC Code UTIB0SBUBRN of Axis Bank for the Shree Basaveshwar Urban Co Op Bank 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 UTIB0SBUBRN of Axis Bank for its Shree Basaveshwar Urban Co Op Bank 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 Shree Basaveshwar Urban Co Op Bank or Haveri to find the exact IFSC Code UTIB0SBUBRN.
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 UTIB0SBUBRN for Online Transfers?
Once you have the IFSC Code UTIB0SBUBRN for the Shree Basaveshwar Urban Co Op Bank branch of Axis Bank in Haveri, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SBUBRN. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 UTIB0SBUBRN.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Shree Basaveshwar Urban Co Op Bank in Haveri, 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 Shree Basaveshwar Urban Co Op Bank, 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 Haveri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SBUBRN.
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 Apmc Road Ranebennur 581115 located in Haveri, Ranebennur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.