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 Ghiajodi branch in Mayurbhanj, Ghiajodi, or Odisha, 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 Mayurbhanj or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0005242. 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, Ghiajodi, Mayurbhanj
The table below shows the main details of the IFSC Code UTIB0005242 for the Axis Bank branch in Mayurbhanj, which falls under the Ghiajodi district in Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005242 |
| Branch | Ghiajodi |
| City | Mayurbhanj |
| District | Ghiajodi |
| State | Odisha |
| Address | Axis Bank Ltd, Upper Ground Floor, At Ghiajodi, Post Jharpokharia, Near Golei Chhak, Dist Mayurbhanj |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Mayurbhanj for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005242 for the Ghiajodi branch of Axis Bank plays 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, along with Axis Bank located in Ghiajodi, Mayurbhanj, Odisha, are given a unique IFSC like UTIB0005242 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mayurbhanj.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Mayurbhanj and Ghiajodi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Ghiajodi goes to the correct branch. This is important because Axis Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0005242
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ghiajodi in Mayurbhanj.
For example, the IFSC Code UTIB0005242 of Axis Bank for the Ghiajodi branch includes these elements, identifying the bank and the branch location in Mayurbhanj and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0005242 of Axis Bank for its Ghiajodi branch located in Mayurbhanj, 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 Mayurbhanj and Ghiajodi, 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 Ghiajodi or Mayurbhanj to get the exact IFSC Code UTIB0005242.
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 Mayurbhanj, then it will provide you proper information.
How to Use IFSC Code UTIB0005242 for Online Transfers?
Once you have the IFSC Code UTIB0005242 for the Ghiajodi branch of Axis Bank in Mayurbhanj, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005242. 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 UTIB0005242.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Ghiajodi in Mayurbhanj, your payment can get delayed or might not go through at all.
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 Ghiajodi, 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 Mayurbhanj manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005242.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Axis Bank Ltd, Upper Ground Floor, At Ghiajodi, Post Jharpokharia, Near Golei Chhak, Dist Mayurbhanj located in Mayurbhanj, Ghiajodi, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.