IFSC Code of Axis Bank, Bangarapet, Bangarapet, Karnataka- UTIB0003544

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Bangarapet branch in Kolar, Bangarapet, or Karnataka, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Kolar or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0003544. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Bangarapet, Kolar

Here are the main details that are associated with the IFSC Code UTIB0003544 of Axis Bank for its branch located in Kolar, within the district of Bangarapet in the state of Karnataka.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Kolar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003544 for the Bangarapet branch of Axis Bank has 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 Bangarapet, Kolar, Karnataka, is provided with a unique IFSC like UTIB0003544 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Kolar.
• 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 Kolar and Bangarapet.
• 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Bangarapet do not get mixed with another location.

Format of the IFSC Code UTIB0003544

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 Bangarapet in Kolar.

For example, the IFSC Code UTIB0003544 of Axis Bank for the Bangarapet branch has these elements, identifying the bank and the branch location in Kolar and Karnataka correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0003544 of Axis Bank for its Bangarapet branch located in Kolar, the following methods can help:

Cheque Book

The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

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

Bank Website

Visit the official website of Axis Bank and navigate to the branch locator section. Search for Bangarapet or Kolar to get the exact IFSC Code UTIB0003544.

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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Kolar, you'll get the correct details.

How to Use IFSC Code UTIB0003544 for Online Transfers?

Once you have the IFSC Code UTIB0003544 for the Bangarapet branch of Axis Bank in Kolar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0003544. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0003544.

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

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 Bangarapet, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Kolar to handle online money transfers and get their cheques cleared smoothly.