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 Demow branch in Sivasagar, Demow, or Assam, 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 Sivasagar or anywhere in Assam can transfer funds instantly by using the correct IFSC Code UTIB0004974. 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, Demow, Sivasagar
Here are the main details that are associated with the IFSC Code UTIB0004974 of Axis Bank for its branch located in Sivasagar, within the district of Demow in the state of Assam.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004974 |
| Branch | Demow |
| City | Sivasagar |
| District | Demow |
| State | Assam |
| Address | Ground Floor, Ward No 2, Shantipur Demow, Nh 37, Near Demow Diagnostic Centre, Po Demow, Pin 785662, Dist Sivsagar |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Sivasagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0004974 for the Demow 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 Demow, Sivasagar, Assam, is provided with a unique IFSC like UTIB0004974 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Sivasagar.
- 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 Sivasagar and Demow.
- 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 Assam and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Demow do not get mixed with another location.
Format of the IFSC Code UTIB0004974
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 Demow in Sivasagar.
For example, the IFSC Code UTIB0004974 of Axis Bank for the Demow branch has these elements, identifying the bank and the branch location in Sivasagar and Assam correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0004974 of Axis Bank for its Demow branch located in Sivasagar, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Sivasagar and Demow, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for Demow or Sivasagar to find the exact IFSC Code UTIB0004974.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Sivasagar will provide accurate information.
How to Use IFSC Code UTIB0004974 for Online Transfers?
Once you have the IFSC Code UTIB0004974 for the Demow branch of Axis Bank in Sivasagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004974. 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 UTIB0004974.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Demow in Sivasagar, your payment can get delayed or might not go through at all.
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 Demow, 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 Sivasagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004974.
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 Ground Floor, Ward No 2, Shantipur Demow, Nh 37, Near Demow Diagnostic Centre, Po Demow, Pin 785662, Dist Sivsagar located in Sivasagar, Demow, Assam.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.