IFSC Code of Axis Bank, Matwari, Hazaribagh, Jharkhand- UTIB0005307

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Matwari branch in Hazaribagh, Hazaribagh, Jharkhand, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Hazaribagh or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0005307. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Matwari, Hazaribagh

Here are the main details that are associated with the IFSC Code UTIB0005307 of Axis Bank for its branch located in Hazaribagh, within the district of Hazaribagh in the state of Jharkhand.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Hazaribagh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005307 for the Matwari branch of Axis Bank is vital.

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, including Axis Bank located in Matwari, Hazaribagh, Jharkhand, is provided with a unique IFSC like UTIB0005307 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Hazaribagh.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Hazaribagh and Hazaribagh.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Matwari do not get mixed with another location.

Format of the IFSC Code UTIB0005307

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 Matwari in Hazaribagh.

For example, the IFSC Code UTIB0005307 of Axis Bank for the Matwari branch includes these elements, identifying the bank and the branch location in Hazaribagh and Jharkhand correctly.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0005307 of Axis Bank for its Matwari branch located in Hazaribagh, the following methods can help:

Cheque Book

The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Axis Bank branches in Hazaribagh and Hazaribagh, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Axis Bank and look for the branch locator section, then search for Matwari or Hazaribagh to get the exact IFSC Code UTIB0005307.

Mobile Banking App

If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Hazaribagh, then it will provide you proper information.

How to Use IFSC Code UTIB0005307 for Online Transfers?

Once you have the IFSC Code UTIB0005307 for the Matwari branch of Axis Bank in Hazaribagh, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0005307. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0005307.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Matwari in Hazaribagh, it can 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 Matwari, 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 Hazaribagh manage online transfers as well as cheque clearances with ease.