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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Farasgaon branch in Kondagaon, Kondagaon, Chhattisgarh, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Kondagaon or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0005716. 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, Farasgaon, Kondagaon
Below in the table are the key details related to IFSC Code UTIB0005716 of Axis Bank for its branch located in Kondagaon, within the district of Kondagaon in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005716 |
| Branch | Farasgaon |
| City | Kondagaon |
| District | Kondagaon |
| State | Chhattisgarh |
| Address | Ground Floor, M M Commercial Complex, Nh 30, Main Road, In Front Of Samudayik Bhawan, Po Ps Pharasgaon |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Kondagaon for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005716 for the Farasgaon 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, along with Axis Bank located in Farasgaon, Kondagaon, Chhattisgarh, are given a unique IFSC like UTIB0005716 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kondagaon.
- 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 Kondagaon and Kondagaon.
- 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 Farasgaon goes to the correct branch. This is important because Axis Bank has thousands of branches in Chhattisgarh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0005716
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Farasgaon in Kondagaon.
For example, the IFSC Code UTIB0005716 of Axis Bank for the Farasgaon branch includes these elements, identifying the bank and the branch location in Kondagaon and Chhattisgarh accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005716 of Axis Bank for its Farasgaon branch located in Kondagaon, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Kondagaon and Kondagaon, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Farasgaon or Kondagaon to get the exact IFSC Code UTIB0005716.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Kondagaon that will provide accurate information.
How to Use IFSC Code UTIB0005716 for Online Transfers?
Once you have the IFSC Code UTIB0005716 for the Farasgaon branch of Axis Bank in Kondagaon, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005716. 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 UTIB0005716.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Farasgaon in Kondagaon may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Farasgaon, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Kondagaon manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Farasgaon Kondagaon branch is UTIB0005716.
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 Ground Floor, M M Commercial Complex, Nh 30, Main Road, In Front Of Samudayik Bhawan, Po Ps Pharasgaon.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.