For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Panaji (Goa) branch in North Goa, Panaji, Goa, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code UTIB0000078. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Panaji (Goa), North Goa
Below in the table are the key details related to IFSC Code UTIB0000078 of Axis Bank for its branch located in North Goa, within the district of Panaji in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000078 |
| Branch | Panaji (Goa) |
| City | North Goa |
| District | Panaji |
| State | Goa |
| Address | Atmaram Commercial Complex, Dr A B Road, Opp. Hotel Nova Goa |
These details help 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 UTIB0000078 for the Panaji (Goa) branch of Axis Bank has a very 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 Panaji (Goa), North Goa, Goa, is provided a unique IFSC like UTIB0000078 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in North Goa.
- 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 North Goa and Panaji.
- 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 Goa and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Panaji (Goa) do not get misguided to another person.
Format of the IFSC Code UTIB0000078
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): 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 Panaji (Goa) in North Goa.
For example, the IFSC Code UTIB0000078 of Axis Bank for the Panaji (Goa) branch includes these elements, identifying the bank and the branch location in North Goa and Goa accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000078 of Axis Bank for its Panaji (Goa) branch located in North Goa, 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 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 go to the branch locator section. Then search for Panaji (Goa) or North Goa to find the exact IFSC Code UTIB0000078.
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 North Goa will provide accurate information.
How to Use IFSC Code UTIB0000078 for Online Transfers?
Once you have the IFSC Code UTIB0000078 for the Panaji (Goa) 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 UTIB0000078. 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 UTIB0000078.
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 Panaji (Goa) 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 Panaji (Goa), 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 UTIB0000078.
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 Atmaram Commercial Complex, Dr A B Road, Opp. Hotel Nova Goa located in North Goa, Panaji, Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.