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 The Savanur Urban Cooperative Bank Ltd branch in Haveri, Savanur, 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 Haveri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0S1SVNR. 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, The Savanur Urban Cooperative Bank Ltd, Haveri
Here are the main details that are associated with the IFSC Code UTIB0S1SVNR of Axis Bank for its branch located in Haveri, within the district of Savanur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0S1SVNR |
| Branch | The Savanur Urban Cooperative Bank Ltd |
| City | Haveri |
| District | Savanur |
| State | Karnataka |
| Address | Market Road Savanur 581118 |
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 UTIB0S1SVNR for the The Savanur Urban Cooperative Bank Ltd 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in The Savanur Urban Cooperative Bank Ltd, Haveri, Karnataka, are allotted a unique IFSC like UTIB0S1SVNR to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Haveri.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Haveri and Savanur.
- 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 The Savanur Urban Cooperative Bank Ltd reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code UTIB0S1SVNR
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 The Savanur Urban Cooperative Bank Ltd in Haveri.
For example, the IFSC Code UTIB0S1SVNR of Axis Bank for the The Savanur Urban Cooperative Bank Ltd branch has these elements, identifying the bank and the branch location in Haveri and Karnataka correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0S1SVNR of Axis Bank for its The Savanur Urban Cooperative Bank Ltd branch located in Haveri, 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 Haveri and Savanur, 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 The Savanur Urban Cooperative Bank Ltd or Haveri to get the exact IFSC Code UTIB0S1SVNR.
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 Haveri that will provide accurate information.
How to Use IFSC Code UTIB0S1SVNR for Online Transfers?
Once you have the IFSC Code UTIB0S1SVNR for the The Savanur Urban Cooperative Bank Ltd 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 UTIB0S1SVNR. 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 UTIB0S1SVNR.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank The Savanur Urban Cooperative Bank Ltd 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 are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in The Savanur Urban Cooperative Bank Ltd, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Haveri manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0S1SVNR.
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 Market Road Savanur 581118 located in Haveri, Savanur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.