Below are the complete branch details for Axis Bank, BALUMATH branch, located in BALUMATH, JHARKHAND. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0005718. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case UTIB0005718 for Axis Bank – BALUMATH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Axis Bank – BALUMATH is UTIB0005718. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005718 map to this branch in BALUMATH, JHARKHAND.
About the bank
Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Balumath branch in Balumath, Jharkhand is part of this network and uses the IFSC code UTIB0005718 for all electronic settlement.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Balumath |
| IFSC Code | UTIB0005718 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS BALUMATH |
| City | Balumath |
| District | Latehar |
| State | Jharkhand |
| STD Code | 6568 |
| Phone | 6200144112 |
About the Balumath branch
The Balumath branch of Axis Bank is situated at NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS BALUMATH. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code UTIB0005718 is used.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Axis Bank's BALUMATH branch came to be assigned the code UTIB0005718.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC UTIB0005718, money simply cannot be routed to the BALUMATH branch electronically.
Products and account variants supported
Every account opened at the Balumath branch is mapped to IFSC UTIB0005718 on the RBI payments network. The branch generally supports the full retail product catalogue of Axis Bank, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains UTIB0005718.
Banking services available
The Balumath branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 6568-6200144112.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC UTIB0005718
How to transfer money using IFSC UTIB0005718
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UTIB0005718 across all three.
NEFT to Axis Bank, BALUMATH using IFSC UTIB0005718
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC UTIB0005718, and confirm that the system picks up Axis Bank – BALUMATH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to BALUMATH
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's BALUMATH branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0005718 while initiating the transfer and the credit will appear within minutes.
IMPS to Axis Bank BALUMATH (IFSC UTIB0005718)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0005718 in your mobile or internet banking app, and the money is credited to the BALUMATH branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0005718 for Axis Bank – BALUMATH, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – UTIB0005718 | Yes – UTIB0005718 | Yes – UTIB0005718 |
For most retail customers crediting the Balumath branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC UTIB0005718
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Axis Bank – BALUMATH is still mapped to IFSC UTIB0005718. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC UTIB0005718 and the beneficiary's account number to complete the transfer.
Online banking and IFSC UTIB0005718
Axis Bank customers can register for net banking and the bank's official mobile app once their account at the BALUMATH branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC UTIB0005718 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Axis Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC UTIB0005718 and the account number together uniquely identify the Balumath branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Axis Bank – BALUMATH:
- The IFSC is exactly UTIB0005718 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Axis Bank as the bank name and BALUMATH as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Balumath branch
The branch is located at NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS BALUMATH, which puts it inside Balumath, the broader Latehar district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “Axis Bank Balumath branch” — the verified location pin for IFSC UTIB0005718 should appear at the top of the results.
- Confirm the branch is open by calling 6568-6200144112 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC UTIB0005718 and your account number.
Verifying IFSC UTIB0005718 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm UTIB0005718 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 6568-6200144112.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Balumath branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0005718, however, work 24x7.
Branch address & contact
Axis BankBalumath Branch
NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS BALUMATH
Balumath, Jharkhand
Phone: 6568-6200144112
IFSC: UTIB0005718
Frequently asked questions
Where is Axis Bank Balumath branch located?
Axis Bank's Balumath branch is located at NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS BALUMATH, Balumath, Jharkhand.
Is IFSC UTIB0005718 the same for all accounts at Balumath branch?
Yes. The IFSC UTIB0005718 is shared by every account held at Axis Bank's Balumath branch. Only the account number changes from customer to customer.
Is IFSC UTIB0005718 valid for NEFT and RTGS?
Yes. IFSC UTIB0005718 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using UTIB0005718 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Balumath reflect within 30 minutes.
Can I use IFSC UTIB0005718 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UTIB0005718 to send funds instantly.
Does Axis Bank Balumath branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 6568-6200144112 to confirm.
What is the IFSC code of Axis Bank Balumath branch?
The IFSC code of Axis Bank, Balumath branch is UTIB0005718. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Balumath branch but serve different purposes.
Summary
The IFSC code UTIB0005718 belongs to Axis Bank's BALUMATH branch, located at NEW SATYA NARAYAN COMPLEX, NH 99, RANCHI CHATRA ROAD, NEAR MURPA MORE PO PS… in BALUMATH, JHARKHAND. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
