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 Palakkad [Kerala] branch in Palakkad, Palakkad, Kerala, 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 Palakkad or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code UTIB0000347. 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, Palakkad [Kerala], Palakkad
The table below shows the main details of the IFSC Code UTIB0000347 for the Axis Bank branch in Palakkad, which falls under the Palakkad district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000347 |
| Branch | Palakkad [Kerala] |
| City | Palakkad |
| District | Palakkad |
| State | Kerala |
| Address | City Centre English Church Road |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Palakkad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000347 for the Palakkad [Kerala] branch of Axis Bank has 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, including Axis Bank located in Palakkad [Kerala], Palakkad, Kerala, is provided with a unique IFSC like UTIB0000347 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Palakkad.
- 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 Palakkad and Palakkad.
- 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 Kerala and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Palakkad [Kerala] do not get mixed with another location.
Format of the IFSC Code UTIB0000347
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 Palakkad [Kerala] in Palakkad.
For example, the IFSC Code UTIB0000347 of Axis Bank for the Palakkad [Kerala] branch includes these elements, identifying the bank and the branch location in Palakkad and Kerala accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0000347 of Axis Bank for its Palakkad [Kerala] branch located in Palakkad, 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 Palakkad and Palakkad, 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 Palakkad [Kerala] or Palakkad to get the exact IFSC Code UTIB0000347.
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 Palakkad that will provide accurate information.
How to Use IFSC Code UTIB0000347 for Online Transfers?
Once you have the IFSC Code UTIB0000347 for the Palakkad [Kerala] branch of Axis Bank in Palakkad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000347. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0000347.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Palakkad [Kerala] in Palakkad may result in delayed or failed transactions.
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 Palakkad [Kerala], 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 Palakkad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0000347.
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 City Centre English Church Road located in Palakkad, Palakkad, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
