There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Kherwara branch in Udaipur, Udaipur, Rajasthan, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Axis Bank situated in Udaipur or anywhere in Rajasthan can easily transfer funds instantly by using the correct IFSC Code UTIB0005303. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Kherwara, Udaipur
Here are the key points that are associated with the IFSC Code UTIB0005303 of Axis Bank for its branch located in Udaipur, within the district of Udaipur in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005303 |
| Branch | Kherwara |
| City | Udaipur |
| District | Udaipur |
| State | Rajasthan |
| Address | Grd Floor And 1St Floor, Khasra No 17 Rani Road, Badla, Kherwara 313803, District Udaipur,Rajasthan |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Udaipur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005303 for the Kherwara 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, along with Axis Bank located in Kherwara, Udaipur, Rajasthan, are given a unique IFSC like UTIB0005303 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Udaipur.
- 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 Udaipur and Udaipur.
- 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 Kherwara goes to the correct branch. This is important because Axis Bank has thousands of branches in Rajasthan and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0005303
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): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Kherwara in Udaipur.
For example, the IFSC Code UTIB0005303 of Axis Bank for the Kherwara branch has these elements, identifying the bank and the branch location in Udaipur and Rajasthan correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005303 of Axis Bank for its Kherwara branch located in Udaipur, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Udaipur and Udaipur, print them on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Kherwara or Udaipur to get the exact IFSC Code UTIB0005303.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Udaipur, you'll get the correct details.
How to Use IFSC Code UTIB0005303 for Online Transfers?
If you have the IFSC Code UTIB0005303 for the Kherwara branch of Axis Bank in Udaipur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005303. 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 UTIB0005303.
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 Kherwara in Udaipur, 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 Kherwara, 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 Udaipur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005303.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Grd Floor And 1St Floor, Khasra No 17 Rani Road, Badla, Kherwara 313803, District Udaipur,Rajasthan located in Udaipur, Udaipur, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.