Axis Bank IFSC Code Search

The IFSC Code of Axis Bank Kapodra (Surat) branch is UTIB0002083

• The first 4 characters ‘UTIB’ stands for the bank’s code
• The fifth character is ‘0’ which is the same for all banks
• The last 6 characters ‘002083’ stands for the Axis Bank's branch code, in this case, this code belongs to the Kapodra (Surat) branch of Axis Bank

RBI developed IFSC to streamline the fund transfer process in India. While carrying fund transfer one always wants to make sure that his/her funds get transferred to the right bank. To ensure this it is important to mention the correct IFSC of the receiver’s bank.

Hence IFSC plays an essential role in carrying out fund transfers in an error-free and quicker manner.

With the coming up of net banking and mobile banking now there is no need to stand in queues for hours to transfer money. Simply enter the right IFSC of the sender’s and receiver’s bank and perform the transaction.

India has several payment systems which include both gross and net settlement systems. With the coming of online banking in India, these payments systems have taken an edge over traditional banking methods. Now one can transfer money easily being at any part of the world just by getting registered for these payment systems.

NEFT

• It is an electronic money transfer system initiated by the RBI. One can simply make NEFT Payment via online banking methods or by visiting the bank branch
• NEFT is based on a system called the DNS (Deferred Net Settlement) Whereby it operates in hourly batches starting from 00:30 hours and ending at 00:00 hours
• Unlike RTGS, NEFT operates around the clock even on weekends and bank holidays

RTGS

• RTGS is a countrywide real-time payment system whereby funds are transferred in real-time. This type of fund settlement process is usually meant for high-value transactions
• In the case of RTGS once the transaction is made the amount transferred is irrevocable
• As the RTGS is maintained by the RBI, hence the transfer via RTGS is secured and hassle-free

IMPS

• IMPS is an immediate fund transfer system that uses phones as a channel to make interbank fund transfer
• IMPS was initiated by the NPCI and it is based on the NFS (National Financial Switch)
• IMPS operates on real-time and is functional around the clock including the bank holidays

One of the ways to find the Axis Bank IFSC Code & MICR Code is by visiting the online IFSC search tool developed by the Paisabazaar. Get to the tool and choose the state, city, and the branch for which you want the IFSC and the MICR code. The results will be displayed on the screen.

Alternatively one can find the list of banks with their IFSC on the Reserve Bank of India website.

• Axis Bank Cheque Book: One can check the IFSC of his/her bank branch printed on the cheque bank allotted by the Axis Bank. We can see that the IFSC is printed at the top of the cheque page.
• Axis Bank Passbook: While opening an account with the Axis Bank, customers are handed a passbook wherein all the transactional activities would be mentioned. One can use the passbook to look for the Axis Bank IFSC.
• Digital Banking Platforms: Digital banking platforms have made banking lot more convenient, faster, and secure. Hence one can utilize the Axis Bank Interbanking facility or the Axis Bank Mobile Banking facility to get the IFSC.

MICR Code stands for Magnetic Ink Character Recognition. It is basically a technique used for printing these codes on the cheques. Every bank branch in India is given a unique 9-digit MICR Code that helps the RBI to recognize all the bank branches and fasten the cheque clearing process.

Examples of Axis Bank MICR Code

• Axis Bank Cheque Book: One can check the MICR Code of his/her bank branch printed on the cheque bank allotted by the AXIS Bank. We can see that the MICR Code is printed at the bottom of the cheque page.
• Axis Bank Passbook: While opening an account with the Axis Bank, customers are handed a passbook wherein all the transactional activities would be mentioned. One can use the passbook to look for the AXIS Bank MICR Code.
• Digital Banking Platforms: Digital banking platforms have made banking lot more convenient, faster, and secure. Hence one can utilize the AXIS Bank Interbanking facility or the AXIS Bank Mobile banking facility to get the MICR Code.

Swift Codes are used by the BIC (Bank Identifier Codes) to recognize a particular bank branch of a Bank. Basically a SWIFT Code provides an exact address of the receiver’s bank branch located across the globe. Hence SWIFT Codes channelizes the fund to the right bank branch. The SWIFT code is formed by the combinations of 8 to 11 digits and alphabets.

How to find the Axis Bank Swift Code?

The most appropriate way to find the Axis Bank Swift Code is to contact the AXIS Bank Customer Care and then ask for the same.