Following are the IFSC Code Details of Kochi Branch Axis Bank Ernakulam UTIB0003197

Which Bank IFSC Code is UTIB0003197?

IFSC Code UTIB0003197 belongs to Branch Name: Edappally of Axis Bank located at Vithayathil Building Nelson Mandela Road Edappally Ernakulam Kochi Kerala Pin 682024

What is IFSC Code?

IFSC stands for Indian Financial System Code. It’s an 11-digit alphanumeric code that uniquely identifies every bank branch in India that participates in online money transfer systems. It works as a crucial address for ensuring smooth and accurate electronic fund transfers. It acts as a crucial address for ensuring accurate electronic fund transfers.

Structure of an IFSC Code:

First 4 characters: Bank’s name (e.g., HDFC, SBI, ICICI)
5th character: Always 0 (zero)
Last 6 characters: Specific branch of the bank

Uses of IFSC Codes:

Online money transfers: NEFT, RTGS, and IMPS all require IFSC codes to specify the recipient’s bank branch.
Cheque clearance: Used for faster cheque clearance processes.
Linking bank accounts: Linking accounts for mutual funds, loan repayments, etc., often involves IFSC codes.

How to Find Your IFSC Code:

Cheque book: Printed at the top of the cheque leaf.

Bank passbook: Printed on the front page.

Bank website/app: Available in your account information.

Third-party websites: Several websites offer IFSC code search features.

Bank branch: Visit your branch for assistance.

Common Questions:

Do all bank branches have IFSC codes?

No, only those participating in online money transfer systems have IFSC codes.

Can I use the same IFSC code for all transfer types?

Yes, the IFSC code remains constant for NEFT, RTGS, and IMPS.

What happens if I enter an incorrect IFSC code?

The transfer may be delayed or returned, so double-check the code before initiating a transaction.

Can I find IFSC codes for international banks?

No, IFSC codes are specific to Indian banks. For international transfers, you’ll need SWIFT codes.

Additional Information:

IFSC codes are issued by the Reserve Bank of India (RBI).
They are essential for smooth and secure electronic fund transfers in India.
Always verify the IFSC code with the recipient before initiating a transfer to avoid errors or delays.

About Axis Bank:

Axis Bank is one of the leading private sector banks in India.

Here are some of the key features of Axis Bank:

• Third largest private sector bank in India by assets and market capitalization.
  Founded in 1994 and headquartered in Mumbai.
• Wide range of financial products and services for individuals, businesses, and corporates.
• Strong focus on digital banking, offering a variety of online and mobile banking platforms.
• Extensive network of over 15,000 branches and 10,000 ATMs across India.