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 Simdega branch in Simdega, Simdega, Jharkhand, 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 Simdega or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0003250. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Simdega, Simdega
Below in the table are the key details related to IFSC Code UTIB0003250 of Axis Bank for its branch located in Simdega, within the district of Simdega in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003250 |
| Branch | Simdega |
| City | Simdega |
| District | Simdega |
| State | Jharkhand |
| Address | Maharaja Complex Near Simdega Police Stationnh143 Simdega Nagar Parishadsimdega |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Simdega for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003250 for the Simdega branch of Axis Bank has an important 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, along with Axis Bank located in Simdega, Simdega, Jharkhand, are allotted a unique IFSC like UTIB0003250 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Simdega.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Simdega and Simdega.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Simdega reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code UTIB0003250
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 Simdega in Simdega.
For example, the IFSC Code UTIB0003250 of Axis Bank for the Simdega branch has these elements, identifying the bank and the branch location in Simdega and Jharkhand correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0003250 of Axis Bank for its Simdega branch located in Simdega, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Simdega and Simdega, print them 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 Simdega or Simdega to get the exact IFSC Code UTIB0003250.
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 Simdega, you'll get the correct details.
How to Use IFSC Code UTIB0003250 for Online Transfers?
Once you have the IFSC Code UTIB0003250 for the Simdega branch of Axis Bank in Simdega, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003250. 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 UTIB0003250.
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 Simdega in Simdega, it can result in delayed or failed transactions.
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 Simdega, 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 Simdega manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003250.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Maharaja Complex Near Simdega Police Stationnh143 Simdega Nagar Parishadsimdega located in Simdega, Simdega, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
