Below are the complete branch details for Axis Bank, PHUSRO branch, located in BOKARO, JHARKHAND. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0002070. 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 UTIB0002070 for Axis Bank – PHUSRO — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, UTIB0002070 is the IFSC of Axis Bank's PHUSRO branch. The format is fixed: UTIB = bank code, 0 = reserved, 002070 = branch identifier.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Phusro |
| IFSC Code | UTIB0002070 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN 829144 |
| City | Bokaro |
| District | Bokaro |
| State | Jharkhand |
About the bank
Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Phusro branch in Bokaro, Jharkhand is part of this network and uses the IFSC code UTIB0002070 for all electronic settlement.
About this branch
The branch is located at GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN 829144. It serves the Bokaro region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Axis Bank. The IFSC UTIB0002070 is used to identify this branch on the RBI payments network.
Why every Axis Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including PHUSRO of Axis Bank — its own 11-character IFSC. The code UTIB0002070 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC UTIB0002070 the same way you would treat your account number — verify it once and save it carefully for future use.
How to transfer money using IFSC UTIB0002070
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 UTIB0002070 across all three.
NEFT to Axis Bank, PHUSRO using IFSC UTIB0002070
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 UTIB0002070, and confirm that the system picks up Axis Bank – PHUSRO. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to PHUSRO
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's PHUSRO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0002070 while initiating the transfer and the credit will appear within minutes.
IMPS to Axis Bank PHUSRO (IFSC UTIB0002070)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0002070 in your mobile or internet banking app, and the money is credited to the PHUSRO branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0002070 for Axis Bank – PHUSRO, 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 – UTIB0002070 | Yes – UTIB0002070 | Yes – UTIB0002070 |
For most retail customers crediting the Phusro 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.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Axis Bank's PHUSRO branch, the IFSC UTIB0002070 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Products and account variants supported
Every account opened at the Phusro branch is mapped to IFSC UTIB0002070 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 UTIB0002070.
Banking services available
The Phusro branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- 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 UTIB0002070
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 UTIB0002070 and the account number together uniquely identify the Phusro branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Phusro branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC UTIB0002070 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
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 – PHUSRO:
- The IFSC is exactly UTIB0002070 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 PHUSRO 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 Phusro branch
The branch is located at GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN 829144, which puts it inside Bokaro, the broader Bokaro district, and the state of Jharkhand. To plan your visit:
- Open Google Maps on your phone and search for “Axis Bank Phusro branch” — the verified location pin for IFSC UTIB0002070 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number 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 UTIB0002070 and your account number.
Verifying IFSC UTIB0002070 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 UTIB0002070 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- 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 Phusro branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0002070, however, work 24x7.
Branch address & contact
Axis BankPhusro Branch
GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN 829144
Bokaro, Jharkhand
Phone: the branch contact number
IFSC: UTIB0002070
Frequently asked questions
Does Axis Bank Phusro branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
How do I add Axis Bank Phusro as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0002070, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC UTIB0002070 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UTIB0002070 to send funds instantly.
Is IFSC UTIB0002070 valid for NEFT and RTGS?
Yes. IFSC UTIB0002070 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
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 Phusro branch but serve different purposes.
Where is Axis Bank Phusro branch located?
Axis Bank's Phusro branch is located at GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN 829144, Bokaro, Jharkhand.
What is the phone number of Axis Bank Phusro branch?
You can reach the branch at the branch contact number during regular banking hours.
What is the IFSC code of Axis Bank Phusro branch?
The IFSC code of Axis Bank, Phusro branch is UTIB0002070. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code UTIB0002070 belongs to Axis Bank's PHUSRO branch, located at GROUND FLOOR, NEAR HOTEL URVASHI, MAIN ROAD, PHUSRO BAZAR, JHARKHAND, PIN… in BOKARO, 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.
