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 Jp Nagar branch in Hyderabad, Hyderabad, Telangana, 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 Hyderabad or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code UTIB0004244. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Jp Nagar, Hyderabad
The table below shows the main details of the IFSC Code UTIB0004244 for the Axis Bank branch in Hyderabad, which falls under the Hyderabad district in Telangana.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004244 |
| Branch | Jp Nagar |
| City | Hyderabad |
| District | Hyderabad |
| State | Telangana |
| Address | Ground Floor Sriven Mall J P Nagar Bachupally Road Miyapur Hyderabad 500049 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Hyderabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004244 for the Jp Nagar branch of Axis Bank plays an important 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, including Axis Bank located in Jp Nagar, Hyderabad, Telangana, is provided with a unique IFSC like UTIB0004244 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Hyderabad.
- 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 Hyderabad and Hyderabad.
- 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 Telangana and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Jp Nagar do not get mixed with another location.
Format of the IFSC Code UTIB0004244
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 Jp Nagar in Hyderabad.
For example, the IFSC Code UTIB0004244 of Axis Bank for the Jp Nagar branch includes these elements, identifying the bank and the branch location in Hyderabad and Telangana correctly.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004244 of Axis Bank for its Jp Nagar branch located in Hyderabad, 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 Hyderabad and Hyderabad, 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 Jp Nagar or Hyderabad to get the exact IFSC Code UTIB0004244.
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 Hyderabad, then it will provide you proper information.
How to Use IFSC Code UTIB0004244 for Online Transfers?
Once you have the IFSC Code UTIB0004244 for the Jp Nagar branch of Axis Bank in Hyderabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004244. 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 UTIB0004244.
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 Jp Nagar in Hyderabad, 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 Jp Nagar, 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 Hyderabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Jp Nagar Hyderabad branch is UTIB0004244.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor Sriven Mall J P Nagar Bachupally Road Miyapur Hyderabad 500049.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
