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 Sohsarai Biharsharif Branch branch in Nalanda, Biharsharif, Bihar, 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 Nalanda or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code UTIB0005541. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Sohsarai Biharsharif Branch, Nalanda
Here are the main details that are associated with the IFSC Code UTIB0005541 of Axis Bank for its branch located in Nalanda, within the district of Biharsharif in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005541 |
| Branch | Sohsarai Biharsharif Branch |
| City | Nalanda |
| District | Biharsharif |
| State | Bihar |
| Address | Gr And 1St Floor,Kushwaha Market Sohsarai Chowk,Po Sohsarai,Bihar Sharif,Dist Nalanda |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Nalanda for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005541 for the Sohsarai Biharsharif Branch branch of Axis Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Sohsarai Biharsharif Branch, Nalanda, Bihar, is provided a unique IFSC like UTIB0005541 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Nalanda.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Nalanda and Biharsharif.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Bihar and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Sohsarai Biharsharif Branch do not get misguided to another person.
Format of the IFSC Code UTIB0005541
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 Sohsarai Biharsharif Branch in Nalanda.
For example, the IFSC Code UTIB0005541 of Axis Bank for the Sohsarai Biharsharif Branch branch includes these elements, identifying the bank and the branch location in Nalanda and Bihar accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005541 of Axis Bank for its Sohsarai Biharsharif Branch branch located in Nalanda, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Nalanda and Biharsharif, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Sohsarai Biharsharif Branch or Nalanda to find the exact IFSC Code UTIB0005541.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Nalanda will provide accurate information.
How to Use IFSC Code UTIB0005541 for Online Transfers?
If you have the IFSC Code UTIB0005541 for the Sohsarai Biharsharif Branch branch of Axis Bank in Nalanda, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005541. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0005541.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Sohsarai Biharsharif Branch in Nalanda, it may result in delayed or failed transactions.
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 Sohsarai Biharsharif Branch, 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 Nalanda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005541.
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 Gr And 1St Floor,Kushwaha Market Sohsarai Chowk,Po Sohsarai,Bihar Sharif,Dist Nalanda located in Nalanda, Biharsharif, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
