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 Babunia More branch in Siwan, Siwan, Bihar, 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 Siwan or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code UTIB0004297. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Babunia More, Siwan
Here are the key points that are associated with the IFSC Code UTIB0004297 of Axis Bank for its branch located in Siwan, within the district of Siwan in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004297 |
| Branch | Babunia More |
| City | Siwan |
| District | Siwan |
| State | Bihar |
| Address | First Floor, Lallan Complex,Rajendra Path,Babuniya More,Siwan, Bihar 841226 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Siwan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004297 for the Babunia More branch of Axis Bank has a very important 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 UTIB0004297 is given to every bank branch, including Axis Bank located in Babunia More, Siwan, Bihar, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Siwan.
- 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 Siwan and Siwan.
- 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 Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Babunia More doesn't end up at another location.
Format of the IFSC Code UTIB0004297
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 Babunia More in Siwan.
For example, the IFSC Code UTIB0004297 of Axis Bank for the Babunia More branch includes these elements, identifying the bank and the branch location in Siwan and Bihar accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004297 of Axis Bank for its Babunia More branch located in Siwan, the following methods can help:
Cheque Book
The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Axis Bank branches in Siwan and Siwan, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Axis Bank and look for the branch locator section, then search for Babunia More or Siwan to get the exact IFSC Code UTIB0004297.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Siwan, then it will provide you proper information.
How to Use IFSC Code UTIB0004297 for Online Transfers?
Once you have the IFSC Code UTIB0004297 for the Babunia More branch of Axis Bank in Siwan, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0004297. 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 UTIB0004297.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Babunia More in Siwan, 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 Babunia More, 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 Siwan to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004297.
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 First Floor, Lallan Complex,Rajendra Path,Babuniya More,Siwan, Bihar 841226 located in Siwan, Siwan, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.