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 Hariharganj branch in Palamu, Palamu, Jharkhand, 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 Palamu or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code UTIB0004791. 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, Hariharganj, Palamu
Below in the table are the key details related to IFSC Code UTIB0004791 of Axis Bank for its branch located in Palamu, within the district of Palamu in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004791 |
| Branch | Hariharganj |
| City | Palamu |
| District | Palamu |
| State | Jharkhand |
| Address | First Floor Sinha Niwas Nh 98 Next To Hariharganj Police Station Hariharganj Palamu Jharkhand |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Palamu for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004791 for the Hariharganj 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0004791 is given to every bank branch, including Axis Bank located in Hariharganj, Palamu, Jharkhand, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Palamu.
- 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 Palamu and Palamu.
- 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 Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Hariharganj doesn't end up at another location.
Format of the IFSC Code UTIB0004791
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 Hariharganj in Palamu.
For example, the IFSC Code UTIB0004791 of Axis Bank for the Hariharganj branch includes these elements, identifying the bank and the branch location in Palamu and Jharkhand accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004791 of Axis Bank for its Hariharganj branch located in Palamu, 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 Palamu and Palamu, 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 Hariharganj or Palamu to get the exact IFSC Code UTIB0004791.
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 Palamu, then it will provide you proper information.
How to Use IFSC Code UTIB0004791 for Online Transfers?
Once you have the IFSC Code UTIB0004791 for the Hariharganj branch of Axis Bank in Palamu, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004791. 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 UTIB0004791.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Hariharganj in Palamu may 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 Hariharganj, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Palamu manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004791.
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 First Floor Sinha Niwas Nh 98 Next To Hariharganj Police Station Hariharganj Palamu Jharkhand located in Palamu, Palamu, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.