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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Sree Mahayogi Lakshmamma Coop Bank branch in Kurnool, Adoni, or Andhra Pradesh, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Kurnool or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0SAVB01. 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, Sree Mahayogi Lakshmamma Coop Bank, Kurnool
The table below shows the main details of the IFSC Code UTIB0SAVB01 for the Axis Bank branch in Kurnool, which falls under the Adoni district in Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SAVB01 |
| Branch | Sree Mahayogi Lakshmamma Coop Bank |
| City | Kurnool |
| District | Adoni |
| State | Andhra Pradesh |
| Address | X111 172 173 Flower Bazar Adoni 518 301 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Kurnool for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SAVB01 for the Sree Mahayogi Lakshmamma Coop Bank branch of Axis Bank plays a vital 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 Sree Mahayogi Lakshmamma Coop Bank, Kurnool, Andhra Pradesh, are allotted a unique IFSC like UTIB0SAVB01 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kurnool.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kurnool and Adoni.
- 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 Sree Mahayogi Lakshmamma Coop Bank reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code UTIB0SAVB01
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 Sree Mahayogi Lakshmamma Coop Bank in Kurnool.
For example, the IFSC Code UTIB0SAVB01 of Axis Bank for the Sree Mahayogi Lakshmamma Coop Bank branch has these elements, identifying the bank and the branch location in Kurnool and Andhra Pradesh correctly.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0SAVB01 of Axis Bank for its Sree Mahayogi Lakshmamma Coop Bank branch located in Kurnool, 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 Kurnool and Adoni, 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 Sree Mahayogi Lakshmamma Coop Bank or Kurnool to get the exact IFSC Code UTIB0SAVB01.
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 Kurnool, then it will provide you proper information.
How to Use IFSC Code UTIB0SAVB01 for Online Transfers?
Once you have the IFSC Code UTIB0SAVB01 for the Sree Mahayogi Lakshmamma Coop Bank branch of Axis Bank in Kurnool, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0SAVB01. 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 UTIB0SAVB01.
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 Sree Mahayogi Lakshmamma Coop Bank in Kurnool, it can 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 Sree Mahayogi Lakshmamma Coop Bank, 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 Kurnool manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SAVB01.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is X111 172 173 Flower Bazar Adoni 518 301 located in Kurnool, Adoni, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.