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 Batasona branch in Koraput, Koraput, Odisha, 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 Koraput or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0003487. 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, Batasona, Koraput
Here are some of the key details that come with the IFSC Code UTIB0003487 of Axis Bank for its branch located in Koraput, within the district of Koraput in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003487 |
| Branch | Batasona |
| City | Koraput |
| District | Koraput |
| State | Odisha |
| Address | Gram Panchayat Road, Batasona Gram Panchayat, Kotpad |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Koraput for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0003487 for the Batasona branch of Axis Bank is vital.
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 Batasona, Koraput, Odisha, are allotted a unique IFSC like UTIB0003487 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Koraput.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Koraput and Koraput.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Batasona reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code UTIB0003487
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 Batasona in Koraput.
For example, the IFSC Code UTIB0003487 of Axis Bank for the Batasona branch includes these elements, identifying the bank and the branch location in Koraput and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003487 of Axis Bank for its Batasona branch located in Koraput, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Koraput and Koraput, print them 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 Batasona or Koraput to get the exact IFSC Code UTIB0003487.
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 Koraput, you'll get the correct details.
How to Use IFSC Code UTIB0003487 for Online Transfers?
Once you have the IFSC Code UTIB0003487 for the Batasona branch of Axis Bank in Koraput, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003487. 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 UTIB0003487.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Batasona in Koraput 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 Batasona, 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 Koraput manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003487.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gram Panchayat Road, Batasona Gram Panchayat, Kotpad located in Koraput, Koraput, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.