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 Palghat Coop Urban Bank 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 UTIB0PKDU97. 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, Palghat Coop Urban Bank, Palakkad
The table below shows the main details of the IFSC Code UTIB0PKDU97 for the Axis Bank branch in Palakkad, which falls under the Palakkad district in Kerala.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0PKDU97 |
| Branch | Palghat Coop Urban Bank |
| City | Palakkad |
| District | Palakkad |
| State | Kerala |
| Address | The Palghat Co.Op, Urban Bank Ltd No. F997 Head Office, Court Road, Palakad 678 001 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Palakkad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0PKDU97 for the Palghat Coop Urban Bank 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Palghat Coop Urban Bank, Palakkad, Kerala, are given a unique IFSC like UTIB0PKDU97 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palakkad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Palakkad and Palakkad.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Palghat Coop Urban Bank goes to the correct branch. This is important because Axis Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0PKDU97
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 Palghat Coop Urban Bank in Palakkad.
For example, the IFSC Code UTIB0PKDU97 of Axis Bank for the Palghat Coop Urban Bank branch includes these elements, identifying the bank and the branch location in Palakkad and Kerala accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0PKDU97 of Axis Bank for its Palghat Coop Urban Bank branch located in Palakkad, 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 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 go to the branch locator section. Then search for Palghat Coop Urban Bank or Palakkad to find the exact IFSC Code UTIB0PKDU97.
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 Palakkad will provide accurate information.
How to Use IFSC Code UTIB0PKDU97 for Online Transfers?
If you have the IFSC Code UTIB0PKDU97 for the Palghat Coop Urban Bank branch of Axis Bank in Palakkad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0PKDU97. 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 UTIB0PKDU97.
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 Palghat Coop Urban Bank in Palakkad, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Palghat Coop Urban Bank, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Palakkad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Palghat Coop Urban Bank Palakkad branch is UTIB0PKDU97.
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 The Palghat Co.Op, Urban Bank Ltd No. F997 Head Office, Court Road, Palakad 678 001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.