Axis Bank IFSC Code refers to a unique alpha-numeric code assigned to all Axis Bank branches in the country by the Reserve Bank of India. This financial system code helps in online transactions of funds from one bank account to another of the same or different bank.
Following are the benefits of an IFSC Code:
- Helps in identifying a specific bank branch for online fund transactions.
- 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
|Bank Code||Zero||Branch Code|
- In Axis Bank IFSC Code, the first 4 characters ‘UTIB’ stands for the bank’s code
- The fifth character is ‘0’ which is 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
Some examples are as under -
Why do we need the Axis Bank IFSC Code?
Every transaction using Axis Bank IFSC codes will have a start and an endpoint ensuring funds are also easily tracked. By using the IFSC codes, RBI can easily identify where funds have been transferred from and where they end up. Hence the usage of Axis Bank IFSC Codes makes the fund transfer process much more efficient and easy.
IFSC code also helps to eliminate errors.
You no longer have to go down to your local branch, stand in a queue for an extended period of time, just to process small money transfers. You can make the transaction anywhere in the world.
How to transfer money using the Axis Bank IFSC Code?
Customers can transfer funds via below-mentioned modes:
|RTGS is an online fund transfer mode that is meant for high-value fund transactions and the transfer for the same is done on a real-time basis||NEFT is based on Deferred Net Settlement (DNS) and facilitates the transfer of funds from any bank branch to any other bank branch||IMPS is an instant fund service and works all throughout the day and can be used 24*7 to transfer funds to any other bank account|
|The minimum transfer amount in RTGS Rs. 2 lakh||The minimum transfer amount in NEFT is Re. 1||The minimum transfer amount in IMPS is Re. 1|
|Maximum Transfer Limit - No limit||Maximum Transfer Limit - No limit||Maximum Transfer Limit - Rs. 2 lakh|
How to find the Axis Bank IFSC Code & MICR Code?
Bank customers can easily find the Axis Bank IFSC Code by any of the below-mentioned ways:
- PaisaBazaar IFSC Search ToolAccount-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 and MICR codes
- Reserve Bank of India Website
RBI provides the list of all the banks and their branches with IFSC and MICR codes. Simply visit the RBI website and look for the IFSC & MICR of the required AXIS Bank Branch.
Where to find Axis Bank IFSC Code?
- 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
- Axis Bank Cheque Book
- 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.
- Axis Bank Netbanking or Mobile Banking Application
Account-holders can also check the IFSC Code of their respective bank branches by logging into the Axis Bank Net banking portal or mobile banking application provided by the bank.
What is the Axis Bank MICR Code?
Magnetic Ink Character Recognition (MICR) code of a bank can speak up many things about a particular bank and its branch. In fact, MICR Code is set in such a manner that only concerned banking personnel can explore them for authentication purposes.
Axis Bank uses the MICR Code to authenticate the clearance of cheques and other such documents.
MICR code is made up of 9 digits in which the first 3 digits show the name of the city, the next 3 digits show code of the bank and the last 3 digits show the branch name.
Examples of MICR Codes
Where to find Axis Bank MICR Code?
The MICR code is located at the bottom of a cheque leaf, next to the cheque number. One can also find it printed on the first page of a bank savings account passbook.
Alternatively, one can get the MICR Code via netbanking or the mobile banking app of the Axis Bank.
What is the Axis Bank Swift Code?
Anyone transferring money across international lines nearly always needs to use a SWIFT code, since it’s the way banks and money transfer services identify where to send money on a global scale. You can think of a SWIFT code a bit like an international postal code so that a bank on one side of the world finds the right bank on the other side of the world.
How to find the Axis Bank Swift Code?
Customers can visit the nearest Axis Bank branch or get in touch with the Axis Bank customer care department for the same.
Difference between Axis Bank MICR Code, SWIFT Code, and IFSC code?
|MICR CODE||SWIFT CODE||IFSC CODE|
|MICR Code is a 9-digit code used to authenticate the legality and credibility of paper-based documents in the banking database||SWIFT Code consists of 8-11 characters used to identify a specific bank in an international transaction, to make sure the money is going to the correct place||IFSC Code is an 11 characters alpha-numeric code which helps in transferring funds electronically from one bank account to another|
|The first 3 digits represent the city code the next three digits stand for the bank code while the last three digits represent the bank branch code||First 4 characters indicate the bank code, the next 2 characters represent the country code, 7th & 8th characters represent the location code, last 3 are optional that represent branch code||The first 4 characters indicate bank code, 5th character is always zero and the last 6 characters indicate the bank code|
How to locate the nearest Axis Bank branch from IFSC Code?
|Bank Code||Zero||Branch Code|
If we look at the structure of IFSC Code of Axis Bank it can be seen that the Code is made of 11 alpha-numeric characters which can be divided into 3 parts -
The first 4 characters ‘UTIB’ stands 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
Hence from the last 6 characters, one can locate the Axis Bank Branch.
Does Axis Bank Credit Card have IFSC Code?
IFSC is a unique 11-digit code allocated by the RBI to each bank branch in India which is contributing to online fund transfer systems like RTGS, NEFT, and IMPS. IFSC has nothing to do with the credit or debit card of any bank.
However, in case a cardholder wants to make the credit card bill payment, he/she has to enter the Axis Bank Credit Card IFSC Code to make the payment through NEFT/RTGS.
What is the Axis Bank CIF Number?
Customer Information File (CIF) contains the valuable banking information of an account holder in a digital format. Every file is assigned a unique number that pertains to every bank customer.
What is the Axis Bank BSR Code?
BSR Code is a 7-digit code allotted to banks by the Reserve Bank of India used mainly when filing Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns.
BSR Code helps banks to keep a clear record of every online payment done towards tax.
How to find the Axis Bank branch Code?
One can find the branch code from the IFSC Code itself. Axis Bank IFSC Code is formed in such a way that the first 4 characters indicate bank code, 5th character is always zero and the last 6 characters indicate the bank branch code.