For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Madhavaram branch in Thiruvallur, Madhavaram, Tamil Nadu, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Thiruvallur or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code UTIB0003261. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Madhavaram, Thiruvallur
The table below shows the main details of the IFSC Code UTIB0003261 for the Axis Bank branch in Thiruvallur, which falls under the Madhavaram district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0003261 |
| Branch | Madhavaram |
| City | Thiruvallur |
| District | Madhavaram |
| State | Tamil Nadu |
| Address | Nof1 Plot No229 Madhavaram Redhills High Road Madhavaram Chennai Tamil Nadu Pin 600060 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Thiruvallur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003261 for the Madhavaram 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 Madhavaram, Thiruvallur, Tamil Nadu, is provided with a unique IFSC like UTIB0003261 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Thiruvallur.
- 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 Thiruvallur and Madhavaram.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Madhavaram do not get mixed with another location.
Format of the IFSC Code UTIB0003261
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 Madhavaram in Thiruvallur.
For example, the IFSC Code UTIB0003261 of Axis Bank for the Madhavaram branch includes these elements, identifying the bank and the branch location in Thiruvallur and Tamil Nadu accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0003261 of Axis Bank for its Madhavaram branch located in Thiruvallur, 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 Thiruvallur and Madhavaram, 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 Madhavaram or Thiruvallur to get the exact IFSC Code UTIB0003261.
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 Thiruvallur, then it will provide you proper information.
How to Use IFSC Code UTIB0003261 for Online Transfers?
If you have the IFSC Code UTIB0003261 for the Madhavaram branch of Axis Bank in Thiruvallur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0003261. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0003261.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Madhavaram in Thiruvallur, it may result in delayed or failed transactions.
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 Madhavaram, 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 Thiruvallur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0003261.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Nof1 Plot No229 Madhavaram Redhills High Road Madhavaram Chennai Tamil Nadu Pin 600060 located in Thiruvallur, Madhavaram, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.