IFSC Code of Axis Bank, Panposh Road Rourkela, Panposh, Odisha — UTIB0001067

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 Panposh Road Rourkela branch in Sundargarh, Panposh, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UTIB0001067. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Panposh Road Rourkela, Sundargarh

The table below shows the main details of the IFSC Code UTIB0001067 for the Axis Bank branch in Sundargarh, which falls under the Panposh district in Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Sundargarh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0001067 for the Panposh Road Rourkela 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, along with Axis Bank located in Panposh Road Rourkela, Sundargarh, Odisha, are given a unique IFSC like UTIB0001067 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Sundargarh.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Sundargarh and Panposh.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Axis Bank in Panposh Road Rourkela goes to the correct branch. This is important because Axis Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code UTIB0001067

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): Show the bank code. For Axis Bank, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Panposh Road Rourkela in Sundargarh.

For example, the IFSC Code UTIB0001067 of Axis Bank for the Panposh Road Rourkela branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0001067 of Axis Bank for its Panposh Road Rourkela branch located in Sundargarh, 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 Sundargarh and Panposh, 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 Panposh Road Rourkela or Sundargarh to find the exact IFSC Code UTIB0001067.

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 Sundargarh will provide accurate information.

How to Use IFSC Code UTIB0001067 for Online Transfers?

Once you have the IFSC Code UTIB0001067 for the Panposh Road Rourkela branch of Axis Bank in Sundargarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UTIB0001067. 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 UTIB0001067.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Panposh Road Rourkela in Sundargarh, 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 Panposh Road Rourkela, 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 Sundargarh to handle online money transfers and get their cheques cleared smoothly.