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 Mavoor Road branch in Kozhikode, Calicut, 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 Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0002916. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Mavoor Road, Kozhikode
Below in the table are the key details related to IFSC Code UTIB0002916 of Axis Bank for its branch located in Kozhikode, within the district of Calicut in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002916 |
| Branch | Mavoor Road |
| City | Kozhikode |
| District | Calicut |
| State | Kerala |
| Address | Axis Bank Ltdward No29 Surveyno 867 Mavoor Road Calicut 673016 Kerala |
These details help users in online banking and for businesses and individuals who use Axis Bank in Kozhikode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002916 for the Mavoor Road branch of Axis Bank has a very 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 Mavoor Road, Kozhikode, Kerala, is provided with a unique IFSC like UTIB0002916 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Kozhikode.
- 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 Kozhikode and Calicut.
- 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 Mavoor Road do not get mixed with another location.
Format of the IFSC Code UTIB0002916
The format of the IFSC Code for banks, including Axis Bank, has 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 Mavoor Road in Kozhikode.
For example, the IFSC Code UTIB0002916 of Axis Bank for the Mavoor Road branch includes these elements, identifying the bank and the branch location in Kozhikode and Kerala correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002916 of Axis Bank for its Mavoor Road branch located in Kozhikode, 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 Kozhikode and Calicut, 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 Mavoor Road or Kozhikode to get the exact IFSC Code UTIB0002916.
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 Kozhikode that will provide accurate information.
How to Use IFSC Code UTIB0002916 for Online Transfers?
Once you have the IFSC Code UTIB0002916 for the Mavoor Road branch of Axis Bank in Kozhikode, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0002916. 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 UTIB0002916.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Mavoor Road in Kozhikode, your payment can get delayed or might not go through at all.
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 Mavoor Road, 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 Kozhikode manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002916.
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 Axis Bank Ltdward No29 Surveyno 867 Mavoor Road Calicut 673016 Kerala located in Kozhikode, Calicut, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.