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 Basna branch in Mahasamund, Basna, 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 Mahasamund or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code UTIB0004645. 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, Basna, Mahasamund
Below in the table are the key details related to IFSC Code UTIB0004645 of Axis Bank for its branch located in Mahasamund, within the district of Basna in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004645 |
| Branch | Basna |
| City | Mahasamund |
| District | Basna |
| State | Chhattisgarh |
| Address | Ground Floor, Maa Ambey Complex, Padampur Road, Infront Of Gayatri Mandir, Po Ps Basna |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Mahasamund for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004645 for the Basna 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 Basna, Mahasamund, Chhattisgarh, are allotted a unique IFSC like UTIB0004645 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mahasamund.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mahasamund and Basna.
- 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 Basna reaches the right place, even though there are thousands of branches in Chhattisgarh and across India.
Format of the IFSC Code UTIB0004645
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 Basna in Mahasamund.
For example, the IFSC Code UTIB0004645 of Axis Bank for the Basna branch includes these elements, identifying the bank and the branch location in Mahasamund and Chhattisgarh accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004645 of Axis Bank for its Basna branch located in Mahasamund, 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 Mahasamund and Basna, 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 Basna or Mahasamund to get the exact IFSC Code UTIB0004645.
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 Mahasamund, then it will provide you proper information.
How to Use IFSC Code UTIB0004645 for Online Transfers?
Once you have the IFSC Code UTIB0004645 for the Basna branch of Axis Bank in Mahasamund, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004645. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 UTIB0004645.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Basna in Mahasamund, 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 Basna, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Mahasamund manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Basna Mahasamund branch is UTIB0004645.
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, Maa Ambey Complex, Padampur Road, Infront Of Gayatri Mandir, Po Ps Basna.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.