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 Gandhi Maidan branch in Patna, Patna, Bihar, 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 Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code UTIB0003494. 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, Gandhi Maidan, Patna
Here are the main details that are associated with the IFSC Code UTIB0003494 of Axis Bank for its branch located in Patna, within the district of Patna in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003494 |
| Branch | Gandhi Maidan |
| City | Patna |
| District | Patna |
| State | Bihar |
| Address | South Gandhi Maidan Road Twin Tower Patna |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Patna for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003494 for the Gandhi Maidan branch of Axis Bank plays 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, along with Axis Bank located in Gandhi Maidan, Patna, Bihar, are given a unique IFSC like UTIB0003494 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Patna.
- 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 Patna and Patna.
- 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 Gandhi Maidan goes to the correct branch. This is important because Axis Bank has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0003494
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 Gandhi Maidan in Patna.
For example, the IFSC Code UTIB0003494 of Axis Bank for the Gandhi Maidan branch has these elements, identifying the bank and the branch location in Patna and Bihar correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003494 of Axis Bank for its Gandhi Maidan branch located in Patna, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Patna and Patna, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Gandhi Maidan or Patna to get the exact IFSC Code UTIB0003494.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Patna, you'll get the correct details.
How to Use IFSC Code UTIB0003494 for Online Transfers?
Once you have the IFSC Code UTIB0003494 for the Gandhi Maidan branch of Axis Bank in Patna, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0003494. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 UTIB0003494.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Gandhi Maidan in Patna, your payment can get delayed or might not go through at all.
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 Gandhi Maidan, 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 Patna to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003494.
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 South Gandhi Maidan Road Twin Tower Patna located in Patna, Patna, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.