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 Polayathodu branch in Kollam, Kollam, Kerala, 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 Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0002747. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Polayathodu, Kollam
Here are the main details that are associated with the IFSC Code UTIB0002747 of Axis Bank for its branch located in Kollam, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002747 |
| Branch | Polayathodu |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Door No 1265 478A Polayathodu Nh 47Pattathanam Po Kollam Kerala Pin 691021 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002747 for the Polayathodu 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 Polayathodu, Kollam, Kerala, is provided with a unique IFSC like UTIB0002747 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Kollam.
- 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 Kollam and Kollam.
- 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 Kerala and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Polayathodu do not get mixed with another location.
Format of the IFSC Code UTIB0002747
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 Polayathodu in Kollam.
For example, the IFSC Code UTIB0002747 of Axis Bank for the Polayathodu branch has these elements, identifying the bank and the branch location in Kollam and Kerala correctly.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0002747 of Axis Bank for its Polayathodu branch located in Kollam, 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 Kollam and Kollam, 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 Polayathodu or Kollam to get the exact IFSC Code UTIB0002747.
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 Kollam, then it will provide you proper information.
How to Use IFSC Code UTIB0002747 for Online Transfers?
Once you have the IFSC Code UTIB0002747 for the Polayathodu branch of Axis Bank in Kollam, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002747. 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 UTIB0002747.
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 Polayathodu in Kollam, it can 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 Polayathodu, 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 Kollam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Polayathodu Kollam branch is UTIB0002747.
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 Door No 1265 478A Polayathodu Nh 47Pattathanam Po Kollam Kerala Pin 691021.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.