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 Karwar (Karnataka) branch in Uttara Kannada, Karwar, Karnataka, 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 Uttara Kannada or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code UTIB0000272. 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, Karwar (Karnataka), Uttara Kannada
Here are some of the key details that come with the IFSC Code UTIB0000272 of Axis Bank for its branch located in Uttara Kannada, within the district of Karwar in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000272 |
| Branch | Karwar (Karnataka) |
| City | Uttara Kannada |
| District | Karwar |
| State | Karnataka |
| Address | Shaan Complex, 453, Green Street |
These details help users in online banking and for businesses and individuals who use Axis Bank in Uttara Kannada for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0000272 for the Karwar (Karnataka) 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, including Axis Bank located in Karwar (Karnataka), Uttara Kannada, Karnataka, is provided with a unique IFSC like UTIB0000272 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Uttara Kannada.
- 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 Uttara Kannada and Karwar.
- 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Karwar (Karnataka) do not get mixed with another location.
Format of the IFSC Code UTIB0000272
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 Karwar (Karnataka) in Uttara Kannada.
For example, the IFSC Code UTIB0000272 of Axis Bank for the Karwar (Karnataka) branch includes these elements, identifying the bank and the branch location in Uttara Kannada and Karnataka accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0000272 of Axis Bank for its Karwar (Karnataka) branch located in Uttara Kannada, 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 Uttara Kannada and Karwar, 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 Karwar (Karnataka) or Uttara Kannada to find the exact IFSC Code UTIB0000272.
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 Uttara Kannada will provide accurate information.
How to Use IFSC Code UTIB0000272 for Online Transfers?
Once you have the IFSC Code UTIB0000272 for the Karwar (Karnataka) branch of Axis Bank in Uttara Kannada, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0000272. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0000272.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Karwar (Karnataka) in Uttara Kannada 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 Karwar (Karnataka), 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 Uttara Kannada manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Karwar (Karnataka) Uttara Kannada branch is UTIB0000272.
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 Shaan Complex, 453, Green Street.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.