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 Hosadu branch in Udupi, Hosadu, Karnataka, 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 Udupi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UTIB0005549. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Hosadu, Udupi
Below in the table are the key details related to IFSC Code UTIB0005549 of Axis Bank for its branch located in Udupi, within the district of Hosadu in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005549 |
| Branch | Hosadu |
| City | Udupi |
| District | Hosadu |
| State | Karnataka |
| Address | Sri Brahmalingeshwara Complex, Nh 66, Mulikhatya, Hosadu 576247 Udupi Dist Karnataka |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Udupi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005549 for the Hosadu branch of Axis Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Hosadu, Udupi, Karnataka, is provided a unique IFSC like UTIB0005549 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Udupi.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Udupi and Hosadu.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Hosadu do not get misguided to another person.
Format of the IFSC Code UTIB0005549
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 Hosadu in Udupi.
For example, the IFSC Code UTIB0005549 of Axis Bank for the Hosadu branch has these elements, identifying the bank and the branch location in Udupi and Karnataka correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005549 of Axis Bank for its Hosadu branch located in Udupi, 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 Udupi and Hosadu, 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 Hosadu or Udupi to find the exact IFSC Code UTIB0005549.
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 Udupi will provide accurate information.
How to Use IFSC Code UTIB0005549 for Online Transfers?
Once you have the IFSC Code UTIB0005549 for the Hosadu branch of Axis Bank in Udupi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005549. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0005549.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Hosadu in Udupi, it can 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 Hosadu, 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 Udupi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Hosadu Udupi branch is UTIB0005549.
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 Sri Brahmalingeshwara Complex, Nh 66, Mulikhatya, Hosadu 576247 Udupi Dist Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
