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 Karaikal branch in Karaikal, Karaikal, Puducherry, 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 Karaikal or anywhere in Puducherry can transfer funds instantly by using the correct IFSC Code UTIB0001568. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Karaikal, Karaikal
The table below shows the main details of the IFSC Code UTIB0001568 for the Axis Bank branch in Karaikal, which falls under the Karaikal district in Puducherry.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001568 |
| Branch | Karaikal |
| City | Karaikal |
| District | Karaikal |
| State | Puducherry |
| Address | No.83, Maiden Palli Street, Karaikal, Pondichery, Pin 609602 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Karaikal for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001568 for the Karaikal 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 UTIB0001568 is given to every bank branch, including Axis Bank located in Karaikal, Karaikal, Puducherry, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Karaikal.
- 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 Karaikal and Karaikal.
- 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 Puducherry and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Karaikal doesn't end up at another location.
Format of the IFSC Code UTIB0001568
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 Karaikal in Karaikal.
For example, the IFSC Code UTIB0001568 of Axis Bank for the Karaikal branch has these elements, identifying the bank and the branch location in Karaikal and Puducherry correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0001568 of Axis Bank for its Karaikal branch located in Karaikal, 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 Karaikal and Karaikal, 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 Karaikal or Karaikal to find the exact IFSC Code UTIB0001568.
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 Karaikal will provide accurate information.
How to Use IFSC Code UTIB0001568 for Online Transfers?
Once you have the IFSC Code UTIB0001568 for the Karaikal branch of Axis Bank in Karaikal, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001568. 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 UTIB0001568.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Karaikal in Karaikal may result in delayed or failed transactions.
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 Karaikal, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Karaikal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0001568.
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 No.83, Maiden Palli Street, Karaikal, Pondichery, Pin 609602 located in Karaikal, Karaikal, Puducherry.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
