IFSC Code of Axis Bank, Palai, Kerala, Palai, Kerala- UTIB0000616

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Palai, Kerala branch in Kottayam, Palai, Kerala, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Kottayam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0000616. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Palai, Kerala, Kottayam

The table below shows the main details of the IFSC Code UTIB0000616 for the Axis Bank branch in Kottayam, which falls under the Palai district in Kerala.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Kottayam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000616 for the Palai, Kerala 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 Palai, Kerala, Kottayam, Kerala, is provided with a unique IFSC like UTIB0000616 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Kottayam.
• 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 Kottayam and Palai.
• 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 Palai, Kerala do not get mixed with another location.

Format of the IFSC Code UTIB0000616

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 Palai, Kerala in Kottayam.

For example, the IFSC Code UTIB0000616 of Axis Bank for the Palai, Kerala branch has these elements, identifying the bank and the branch location in Kottayam and Kerala correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0000616 of Axis Bank for its Palai, Kerala branch located in Kottayam, 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 Kottayam and Palai, 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 Palai, Kerala or Kottayam to get the exact IFSC Code UTIB0000616.

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 Kottayam, you'll get the correct details.

How to Use IFSC Code UTIB0000616 for Online Transfers?

Once you have the IFSC Code UTIB0000616 for the Palai, Kerala branch of Axis Bank in Kottayam, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0000616. 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 UTIB0000616.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Palai, Kerala in Kottayam, 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 Palai, Kerala, 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 Kottayam to handle online money transfers and get their cheques cleared smoothly.