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 Chiplun branch in Ratnagiri, Chiplun, Maharashtra, 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 Ratnagiri or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UTIB0000807. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Chiplun, Ratnagiri
The table below shows the main details of the IFSC Code UTIB0000807 for the Axis Bank branch in Ratnagiri, which falls under the Chiplun district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000807 |
| Branch | Chiplun |
| City | Ratnagiri |
| District | Chiplun |
| State | Maharashtra |
| Address | Ground Floor, Hotel Atithi Mumbai Goa Highway Chiplun, Dist. Ratnagiri 415605 Maharashtra |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Ratnagiri for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0000807 for the Chiplun 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 Chiplun, Ratnagiri, Maharashtra, is provided with a unique IFSC like UTIB0000807 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Ratnagiri.
- 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 Ratnagiri and Chiplun.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Chiplun do not get mixed with another location.
Format of the IFSC Code UTIB0000807
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 Chiplun in Ratnagiri.
For example, the IFSC Code UTIB0000807 of Axis Bank for the Chiplun branch has these elements, identifying the bank and the branch location in Ratnagiri and Maharashtra correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0000807 of Axis Bank for its Chiplun branch located in Ratnagiri, 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 Ratnagiri and Chiplun, 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 Chiplun or Ratnagiri to get the exact IFSC Code UTIB0000807.
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 Ratnagiri that will provide accurate information.
How to Use IFSC Code UTIB0000807 for Online Transfers?
Once you have the IFSC Code UTIB0000807 for the Chiplun branch of Axis Bank in Ratnagiri, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000807. 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 UTIB0000807.
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 Chiplun in Ratnagiri, it can 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 Chiplun, 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 Ratnagiri to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0000807.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor, Hotel Atithi Mumbai Goa Highway Chiplun, Dist. Ratnagiri 415605 Maharashtra located in Ratnagiri, Chiplun, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
