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 Curchorem branch in South Goa, Curchorem, Goa, 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 South Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code UTIB0005577. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Curchorem, South Goa
Below in the table are the key details related to IFSC Code UTIB0005577 of Axis Bank for its branch located in South Goa, within the district of Curchorem in the state of Goa.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005577 |
| Branch | Curchorem |
| City | South Goa |
| District | Curchorem |
| State | Goa |
| Address | Ground Floor Chamunda Apartment, Sangeum Road, Curchorem, Dist South Goa |
These details helps users in online banking and for businesses and individuals who use Axis Bank in South Goa for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005577 for the Curchorem branch of Axis Bank plays a vital 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, including Axis Bank located in Curchorem, South Goa, Goa, is provided with a unique IFSC like UTIB0005577 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in South Goa.
- 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 South Goa and Curchorem.
- 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 Goa and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Curchorem do not get mixed with another location.
Format of the IFSC Code UTIB0005577
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Curchorem in South Goa.
For example, the IFSC Code UTIB0005577 of Axis Bank for the Curchorem branch includes these elements, identifying the bank and the branch location in South Goa and Goa accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005577 of Axis Bank for its Curchorem branch located in South Goa, 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 South Goa and Curchorem, 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 Curchorem or South Goa to find the exact IFSC Code UTIB0005577.
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 South Goa will provide accurate information.
How to Use IFSC Code UTIB0005577 for Online Transfers?
Once you have the IFSC Code UTIB0005577 for the Curchorem branch of Axis Bank in South Goa, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005577. 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 UTIB0005577.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Curchorem in South Goa, 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 Curchorem, 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 South Goa to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Curchorem South Goa branch is UTIB0005577.
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 Ground Floor Chamunda Apartment, Sangeum Road, Curchorem, Dist South Goa.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
