Axis Bank IFSC Code refers to a unique alpha-numeric code assigned to all the Axis Bank branches in the country by the Reserve Bank of India. This financial system code helps in online transaciton of funds from one bank account to another of same or different banks.
Following are the benefits of an IFSC Code:
- Helps in identifying a specific bank branch for online funds transaction.
- Reduces errors in the process of transferring funds
- Help in electronic payment modes such as NEFT, RTGS, and IMPS
Axis Bank IFSC Code Format
The IFSC Code of Axis Bank Kapodra (Surat) branch is UTIB0002083.
|Axis Bank Code||Zero||Axis Bank Branch Code|
- In Axis Bank IFSC Code, the first 4 characters ‘UTIB’ stand for the bank’s code
- The fifth character is ‘0’ which is same for all the 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.
How does Axis Bank IFSC Code work?
In order to transfer funds to a particular payee of Axis Bank, one has to provide details including the name of the payee, account number, IFSC code of the receiving Axis Bank branch, and the amount.
Once these details are entered, the funds get credited to the beneficiary's bank account. Here, IFSC plays a significant role by helping in the identification of the correct branch of the Axis Bank.
How to search the Axis IFSC Code & MICR Code?
Bank customers can easily find the Axis Bank IFSC Code by any of the below-mentioned ways:
1. PaisaBazaar IFSC Search Tool
Account holders can search for the Axis Bank IFSC Code using the online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
- Find the IFSC Code Locator Tool at the top of this page.
- Axis Bank is the default bank name selected here.
- Enter the essential information like state and city names.
- Select the Axis Bank's branch to check its IFSC anf MICR codes.
Axis Bank customers can also search IFSC and MICR Codes for their bank's branch on the following platforms:
2. Axis Bank Cheque Book
- IFSC code is mentioned at the top of the bank's cheque
- Cheque number and MICR code is present at the bottom of the cheque
3. Axis Bank Passbook
Axis Bank provides its account holders with a passbook at the time of account opening. The customers can also find these codes there on the passbook.
4. Axis Bank Netbanking or Mobile Banking application
Account holders can also check this IFSC Code of their respective bank branch by logging into Axis Bank Net banking portal or mobile banking application provided by the bank.
Alternatively, customers can go to the Reserve Bank of India’s website to check their Axis Bank’s IFSC Code.
How to make Fund Transfer using Axis Bank IFSC Code?
Customers can transfer funds via below-mentioned modes:
In order to carry out transactions using National Electronic Funds Transfer (NEFT), IFSC code is mandatory for NEFT transactions. In case of incorrect IFSC, the fund is not transferred to the beneficiary’s account.
Real-Time Gross Settlement (RTGS) is a quick method of transferring money in real-time. In order to carry out fund transfer, the sender is required to provide important details such as the name of the payee, account number, IFSC code of the beneficiary’s bank branch, and the amount.
Immediate Payment Services (IMPS) is an instant payment inter-bank electronic funds transfer system in India. In order to send money the sender needs to provide beneficiary’s account no, account type, Axis Bank IFSC Code or other bank IFSC Code and beneficiary’s name.
About Axis Bank
Axis Bank was established in 1993 and began its operations in 1994 after the Indian Government allowed new private banks to be established. Axis Bank has a wide network of 4,050 domestic branches with 11,801 ATMs and 4,917 cash recyclers spread across the country. Globally, the bank is spread over 9 international offices with branches in Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary in London, UK.