IFSC Code of Axis Bank, Malkangiri, Malkangiri, Odisha- UTIB0002054

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Malkangiri branch in Malkangiri, Malkangiri, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Axis Bank located in Malkangiri or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0002054. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Malkangiri, Malkangiri

The table below shows the main details of the IFSC Code UTIB0002054 for the Axis Bank branch in Malkangiri, which falls under the Malkangiri district in Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Malkangiri for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002054 for the Malkangiri 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0002054 is given to every bank branch, including Axis Bank located in Malkangiri, Malkangiri, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Malkangiri.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Malkangiri and Malkangiri.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Malkangiri doesn't end up at another location.

Format of the IFSC Code UTIB0002054

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 Malkangiri in Malkangiri.

For example, the IFSC Code UTIB0002054 of Axis Bank for the Malkangiri branch includes these elements, identifying the bank and the branch location in Malkangiri and Odisha correctly.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0002054 of Axis Bank for its Malkangiri branch located in Malkangiri, 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 Malkangiri and Malkangiri, 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 Malkangiri or Malkangiri to get the exact IFSC Code UTIB0002054.

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 Malkangiri, you'll get the correct details.

How to Use IFSC Code UTIB0002054 for Online Transfers?

Once you have the IFSC Code UTIB0002054 for the Malkangiri branch of Axis Bank in Malkangiri, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0002054. 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 UTIB0002054.

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