IFSC Code of Axis Bank, Basuaghai, Bhubaneswar, Odisha- UTIB0002053

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Basuaghai branch in Khurda, Bhubaneswar, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Axis Bank located in Khurda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0002053. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Basuaghai, Khurda

Here are the main details that are associated with the IFSC Code UTIB0002053 of Axis Bank for its branch located in Khurda, within the district of Bhubaneswar in the state of Odisha.

These details help users in online banking and for businesses and individuals who use Axis Bank in Khurda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002053 for the Basuaghai 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Basuaghai, Khurda, Odisha, is provided a unique IFSC like UTIB0002053 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Axis Bank branch in Khurda.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Khurda and Bhubaneswar.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Basuaghai do not get misguided to another person.

Format of the IFSC Code UTIB0002053

This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Basuaghai in Khurda.

For example, the IFSC Code UTIB0002053 of Axis Bank for the Basuaghai branch includes these elements, identifying the bank and the branch location in Khurda and Odisha accurately.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0002053 of Axis Bank for its Basuaghai branch located in Khurda, 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 Khurda and Bhubaneswar, 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 Basuaghai or Khurda to get the exact IFSC Code UTIB0002053.

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 Khurda, then it will provide you proper information.

How to Use IFSC Code UTIB0002053 for Online Transfers?

Once you have the IFSC Code UTIB0002053 for the Basuaghai branch of Axis Bank in Khurda, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0002053. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 UTIB0002053.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Basuaghai in Khurda, your payment can get delayed or might not go through at all.

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 Basuaghai, 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 Khurda manage online transfers as well as cheque clearances with ease.