Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its The Singhbhum District Central Cooperative Bank Ltd Chaibasa branch in West Singhbhum, Chaibasa, or Jharkhand, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in West Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UTIB0SDCC29. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, The Singhbhum District Central Cooperative Bank Ltd Chaibasa, West Singhbhum
Here are some of the key details that come with the IFSC Code UTIB0SDCC29 of Axis Bank for its branch located in West Singhbhum, within the district of Chaibasa in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SDCC29 |
| Branch | The Singhbhum District Central Cooperative Bank Ltd Chaibasa |
| City | West Singhbhum |
| District | Chaibasa |
| State | Jharkhand |
| Address | Madhu Bazar,Chaibasa, Dist West Singhbhoom |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in West Singhbhum for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0SDCC29 for the The Singhbhum District Central Cooperative Bank Ltd Chaibasa branch of Axis Bank is vital.
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 The Singhbhum District Central Cooperative Bank Ltd Chaibasa, West Singhbhum, Jharkhand, is provided a unique IFSC like UTIB0SDCC29 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in West Singhbhum.
- 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 West Singhbhum and Chaibasa.
- 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 Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in The Singhbhum District Central Cooperative Bank Ltd Chaibasa do not get misguided to another person.
Format of the IFSC Code UTIB0SDCC29
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 The Singhbhum District Central Cooperative Bank Ltd Chaibasa in West Singhbhum.
For example, the IFSC Code UTIB0SDCC29 of Axis Bank for the The Singhbhum District Central Cooperative Bank Ltd Chaibasa branch includes these elements, identifying the bank and the branch location in West Singhbhum and Jharkhand accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SDCC29 of Axis Bank for its The Singhbhum District Central Cooperative Bank Ltd Chaibasa branch located in West Singhbhum, 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 West Singhbhum and Chaibasa, 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 The Singhbhum District Central Cooperative Bank Ltd Chaibasa or West Singhbhum to get the exact IFSC Code UTIB0SDCC29.
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 West Singhbhum that will provide accurate information.
How to Use IFSC Code UTIB0SDCC29 for Online Transfers?
Once you have the IFSC Code UTIB0SDCC29 for the The Singhbhum District Central Cooperative Bank Ltd Chaibasa branch of Axis Bank in West Singhbhum, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0SDCC29. 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 UTIB0SDCC29.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank The Singhbhum District Central Cooperative Bank Ltd Chaibasa in West Singhbhum 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 The Singhbhum District Central Cooperative Bank Ltd Chaibasa, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in West Singhbhum manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Singhbhum District Central Cooperative Bank Ltd Chaibasa West Singhbhum branch is UTIB0SDCC29.
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 Madhu Bazar,Chaibasa, Dist West Singhbhoom.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.