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 Kphb Road No One branch in Rangareddy, Hyderabad, Telangana, 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 Rangareddy or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code UTIB0003385. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Kphb Road No One, Rangareddy
Here are the main details that are associated with the IFSC Code UTIB0003385 of Axis Bank for its branch located in Rangareddy, within the district of Hyderabad in the state of Telangana.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003385 |
| Branch | Kphb Road No One |
| City | Rangareddy |
| District | Hyderabad |
| State | Telangana |
| Address | H No 152 Mig 1 Rd No 1 Kphb Colony |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Rangareddy for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003385 for the Kphb Road No One 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0003385 is given to every bank branch, including Axis Bank located in Kphb Road No One, Rangareddy, Telangana, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Rangareddy.
- 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 Rangareddy and Hyderabad.
- 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 Telangana and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Kphb Road No One doesn't end up at another location.
Format of the IFSC Code UTIB0003385
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 Kphb Road No One in Rangareddy.
For example, the IFSC Code UTIB0003385 of Axis Bank for the Kphb Road No One branch has these elements, identifying the bank and the branch location in Rangareddy and Telangana correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003385 of Axis Bank for its Kphb Road No One branch located in Rangareddy, 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 Rangareddy and Hyderabad, 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 Kphb Road No One or Rangareddy to get the exact IFSC Code UTIB0003385.
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 Rangareddy that will provide accurate information.
How to Use IFSC Code UTIB0003385 for Online Transfers?
Once you have the IFSC Code UTIB0003385 for the Kphb Road No One branch of Axis Bank in Rangareddy, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0003385. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0003385.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Kphb Road No One in Rangareddy, your payment can get delayed or might not go through at all.
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 Kphb Road No One, 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 Rangareddy manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003385.
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 H No 152 Mig 1 Rd No 1 Kphb Colony located in Rangareddy, Hyderabad, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
