There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Bodhan branch in Nizamabad, Bodhan, Telangana, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Axis Bank situated in Nizamabad or anywhere in Telangana can easily transfer funds instantly by using the correct IFSC Code UTIB0004307. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Bodhan, Nizamabad
Here are the key points that are associated with the IFSC Code UTIB0004307 of Axis Bank for its branch located in Nizamabad, within the district of Bodhan in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004307 |
| Branch | Bodhan |
| City | Nizamabad |
| District | Bodhan |
| State | Telangana |
| Address | I Floor, H.No 1.4.341.5, 1.4.341.4Q, Sy No. 260.3 And274.A, Ward No.34, Main Rd, Bodhan Municipality |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Nizamabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004307 for the Bodhan 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, including Axis Bank located in Bodhan, Nizamabad, Telangana, is provided with a unique IFSC like UTIB0004307 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Nizamabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Nizamabad and Bodhan.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Telangana and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Bodhan do not get mixed with another location.
Format of the IFSC Code UTIB0004307
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Bodhan in Nizamabad.
For example, the IFSC Code UTIB0004307 of Axis Bank for the Bodhan branch includes these elements, identifying the bank and the branch location in Nizamabad and Telangana accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004307 of Axis Bank for its Bodhan branch located in Nizamabad, 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 Nizamabad and Bodhan, 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 Bodhan or Nizamabad to get the exact IFSC Code UTIB0004307.
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 Nizamabad, then it will provide you proper information.
How to Use IFSC Code UTIB0004307 for Online Transfers?
Once you have the IFSC Code UTIB0004307 for the Bodhan branch of Axis Bank in Nizamabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004307. 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 UTIB0004307.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Bodhan in Nizamabad, 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 Bodhan, 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 Nizamabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bodhan Nizamabad branch is UTIB0004307.
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 I Floor, H.No 1.4.341.5, 1.4.341.4Q, Sy No. 260.3 And274.A, Ward No.34, Main Rd, Bodhan Municipality.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.