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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Hinoo branch in Ranchi, Ranchi, or Jharkhand, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Ranchi or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0003176. 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, Hinoo, Ranchi
Below in the table are the key details related to IFSC Code UTIB0003176 of Axis Bank for its branch located in Ranchi, within the district of Ranchi in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003176 |
| Branch | Hinoo |
| City | Ranchi |
| District | Ranchi |
| State | Jharkhand |
| Address | First Floor Shanti Shopping Complex Hinoo Main Road Hinoo Ranchi Jharkhand Pin Code 834002 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Ranchi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003176 for the Hinoo 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, including Axis Bank located in Hinoo, Ranchi, Jharkhand, is provided with a unique IFSC like UTIB0003176 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Ranchi.
- 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 Ranchi and Ranchi.
- 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Hinoo do not get mixed with another location.
Format of the IFSC Code UTIB0003176
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 Hinoo in Ranchi.
For example, the IFSC Code UTIB0003176 of Axis Bank for the Hinoo branch includes these elements, identifying the bank and the branch location in Ranchi and Jharkhand accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003176 of Axis Bank for its Hinoo branch located in Ranchi, 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 Ranchi and Ranchi, 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 Hinoo or Ranchi to get the exact IFSC Code UTIB0003176.
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 Ranchi that will provide accurate information.
How to Use IFSC Code UTIB0003176 for Online Transfers?
Once you have the IFSC Code UTIB0003176 for the Hinoo branch of Axis Bank in Ranchi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003176. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0003176.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Hinoo in Ranchi, it can 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 Hinoo, 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 Ranchi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003176.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is First Floor Shanti Shopping Complex Hinoo Main Road Hinoo Ranchi Jharkhand Pin Code 834002 located in Ranchi, Ranchi, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
