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 Sambalpur, Orissa branch in Sambalpur, Sambalpur, Odisha, 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 Sambalpur or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0000306. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Sambalpur, Orissa, Sambalpur
Below in the table are the key details related to IFSC Code UTIB0000306 of Axis Bank for its branch located in Sambalpur, within the district of Sambalpur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000306 |
| Branch | Sambalpur, Orissa |
| City | Sambalpur |
| District | Sambalpur |
| State | Odisha |
| Address | R R Mall, Ashoka Talkies Road, V.S.S. Marg, Sambalpur, Orissa |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Sambalpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0000306 for the Sambalpur, Orissa branch of Axis Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Sambalpur, Orissa, Sambalpur, Odisha, is provided a unique IFSC like UTIB0000306 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Sambalpur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Sambalpur and Sambalpur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Sambalpur, Orissa do not get misguided to another person.
Format of the IFSC Code UTIB0000306
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Sambalpur, Orissa in Sambalpur.
For example, the IFSC Code UTIB0000306 of Axis Bank for the Sambalpur, Orissa branch includes these elements, identifying the bank and the branch location in Sambalpur and Odisha accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0000306 of Axis Bank for its Sambalpur, Orissa branch located in Sambalpur, 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 Sambalpur and Sambalpur, 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 Sambalpur, Orissa or Sambalpur to get the exact IFSC Code UTIB0000306.
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 Sambalpur, you'll get the correct details.
How to Use IFSC Code UTIB0000306 for Online Transfers?
Once you have the IFSC Code UTIB0000306 for the Sambalpur, Orissa branch of Axis Bank in Sambalpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0000306. 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 UTIB0000306.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Sambalpur, Orissa in Sambalpur, 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 Sambalpur, Orissa, 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 Sambalpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Sambalpur, Orissa Sambalpur branch is UTIB0000306.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at R R Mall, Ashoka Talkies Road, V.S.S. Marg, Sambalpur, Orissa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
