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 Caranzalem branch in North Goa, Panaji, Goa, 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 North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code UTIB0003183. 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, Caranzalem, North Goa
The table below shows the main details of the IFSC Code UTIB0003183 for the Axis Bank branch in North Goa, which falls under the Panaji district in Goa.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003183 |
| Branch | Caranzalem |
| City | North Goa |
| District | Panaji |
| State | Goa |
| Address | Ground Floor Heritage Symphony Caranzalem Panaji North Goa Maharashtra Pin 403001 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in North Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003183 for the Caranzalem branch of Axis Bank plays a vital 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 UTIB0003183 is given to every bank branch, including Axis Bank located in Caranzalem, North Goa, Goa, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in North Goa.
- 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 North Goa and Panaji.
- 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 Goa and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Caranzalem doesn't end up at another location.
Format of the IFSC Code UTIB0003183
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Caranzalem in North Goa.
For example, the IFSC Code UTIB0003183 of Axis Bank for the Caranzalem branch has these elements, identifying the bank and the branch location in North Goa and Goa correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003183 of Axis Bank for its Caranzalem branch located in North Goa, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in North Goa and Panaji, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Caranzalem or North Goa to get the exact IFSC Code UTIB0003183.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and North Goa that will provide accurate information.
How to Use IFSC Code UTIB0003183 for Online Transfers?
Once you have the IFSC Code UTIB0003183 for the Caranzalem branch of Axis Bank in North Goa, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003183. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0003183.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Caranzalem in North Goa, it can 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 Caranzalem, 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 North Goa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003183.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor Heritage Symphony Caranzalem Panaji North Goa Maharashtra Pin 403001 located in North Goa, Panaji, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.