IFSC Code of Axis Bank, Axis Bank Ltd, Raichur, Karnataka — UTIB0004061

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Axis Bank Ltd branch in Raichur, Raichur, Karnataka, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Axis Bank located in Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0004061. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Axis Bank Ltd, Raichur

Below in the table are the key details related to IFSC Code UTIB0004061 of Axis Bank for its branch located in Raichur, within the district of Raichur in the state of Karnataka.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Raichur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004061 for the Axis Bank Ltd branch of Axis Bank is vital.

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 Axis Bank Ltd, Raichur, Karnataka, is provided with a unique IFSC like UTIB0004061 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Raichur.
• 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 Raichur and Raichur.
• 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Axis Bank Ltd do not get mixed with another location.

Format of the IFSC Code UTIB0004061

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Axis Bank Ltd in Raichur.

For example, the IFSC Code UTIB0004061 of Axis Bank for the Axis Bank Ltd branch includes these elements, identifying the bank and the branch location in Raichur and Karnataka accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0004061 of Axis Bank for its Axis Bank Ltd branch located in Raichur, 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 Raichur and Raichur, 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 Axis Bank Ltd or Raichur to get the exact IFSC Code UTIB0004061.

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 Raichur that will provide accurate information.

How to Use IFSC Code UTIB0004061 for Online Transfers?

If you have the IFSC Code UTIB0004061 for the Axis Bank Ltd branch of Axis Bank in Raichur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0004061. 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 UTIB0004061.

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 Axis Bank Ltd in Raichur, it 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 Axis Bank Ltd, 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 Raichur to handle online money transfers and get their cheques cleared smoothly.