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IFSC Code of Axis Bank, Paravattani, Karukachal, Kerala — UTIB0004347

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 Paravattani branch in Thrissur, Karukachal, Kerala, 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 Thrissur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UTIB0004347. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Paravattani, Thrissur

Here are some of the key details that come with the IFSC Code UTIB0004347 of Axis Bank for its branch located in Thrissur, within the district of Karukachal in the state of Kerala.

Particulars Details
Bank Axis Bank
IFSC Code UTIB0004347
Branch Paravattani
City Thrissur
District Karukachal
State Kerala
Address Majestic Square, 4.270, Thrissur Palakkad Rd, Thrissur, Kerala 680655

These details help users in online banking and for businesses and individuals who use Axis Bank in Thrissur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004347 for the Paravattani 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 provided by the Reserve Bank of India. Every bank branch, along with Axis Bank located in Paravattani, Thrissur, Kerala, are given a unique IFSC like UTIB0004347 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Thrissur.
  • 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 Thrissur and Karukachal.
  • 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 Paravattani goes to the correct branch. This is important because Axis Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code UTIB0004347

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 Paravattani in Thrissur.

For example, the IFSC Code UTIB0004347 of Axis Bank for the Paravattani branch includes these elements, identifying the bank and the branch location in Thrissur and Kerala accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0004347 of Axis Bank for its Paravattani branch located in Thrissur, the following methods can help:

Cheque Book

The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Axis Bank branches in Thrissur and Karukachal, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Axis Bank and find the branch locator section. Search for Paravattani or Thrissur to get the exact IFSC Code UTIB0004347.

Mobile Banking App

If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Thrissur that will provide accurate information.

How to Use IFSC Code UTIB0004347 for Online Transfers?

If you have the IFSC Code UTIB0004347 for the Paravattani branch of Axis Bank in Thrissur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0004347. 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 UTIB0004347.

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 Paravattani in Thrissur, it may result in delayed or failed transactions.

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 Paravattani, 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 Thrissur to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Axis Bank in Paravattani, Thrissur?

The IFSC Code is UTIB0004347.

Is the IFSC Code UTIB0004347 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Axis Bank Paravattani?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Paravattani branch?

The address of the branch is Majestic Square, 4.270, Thrissur Palakkad Rd, Thrissur, Kerala 680655 located in Thrissur, Karukachal, Kerala.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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