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 Sathupally branch in Khammam, Sathupalli, Andhra Pradesh, 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 Khammam or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code UTIB0001194. 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, Sathupally, Khammam

The table below shows the main details of the IFSC Code UTIB0001194 for the Axis Bank branch in Khammam, which falls under the Sathupalli district in Andhra Pradesh.

Particulars Details
Bank Axis Bank
IFSC Code UTIB0001194
Branch Sathupally
City Khammam
District Sathupalli
State Andhra Pradesh
Address Nvr Complex, Main Road,Sathupally, Dist. Khammam,Andhra Pradesh, Pin 507303

These details help users in online banking and for businesses and individuals who use Axis Bank in Khammam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001194 for the Sathupally branch of Axis Bank has a very 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, along with Axis Bank located in Sathupally, Khammam, Andhra Pradesh, are given a unique IFSC like UTIB0001194 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Khammam.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Khammam and Sathupalli.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Axis Bank in Sathupally goes to the correct branch. This is important because Axis Bank has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code UTIB0001194

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): 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 Sathupally in Khammam.

For example, the IFSC Code UTIB0001194 of Axis Bank for the Sathupally branch includes these elements, identifying the bank and the branch location in Khammam and Andhra Pradesh accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0001194 of Axis Bank for its Sathupally branch located in Khammam, 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 Khammam and Sathupalli, 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 Sathupally or Khammam to find the exact IFSC Code UTIB0001194.

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 Khammam will provide accurate information.

How to Use IFSC Code UTIB0001194 for Online Transfers?

If you have the IFSC Code UTIB0001194 for the Sathupally branch of Axis Bank in Khammam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0001194. Transfers are processed in batches. 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0001194.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Sathupally in Khammam, it may 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 Sathupally, 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 Khammam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Axis Bank in Sathupally, Khammam?

The IFSC Code is UTIB0001194.

Is the IFSC Code UTIB0001194 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Axis Bank Sathupally?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Sathupally branch?

The address of the branch is Nvr Complex, Main Road,Sathupally, Dist. Khammam,Andhra Pradesh, Pin 507303 located in Khammam, Sathupalli, Andhra Pradesh.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.