Below are the complete branch details for Axis Bank, KOLARAS branch, located in KOLARAS, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0002821. 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 UTIB0002821 for Axis Bank – KOLARAS — 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, UTIB0002821 is the IFSC of Axis Bank's KOLARAS branch. The format is fixed: UTIB = bank code, 0 = reserved, 002821 = branch identifier.
Bank profile
Axis Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Kolaras branch — IFSC UTIB0002821 — extends the bank's services to customers in and around Kolaras, Madhya Pradesh.
About this branch
The branch is located at GROUND FLOOR BINDAL MARKET NEAR SBI ATM NH 3 A B ROAD KOLARAS 473770 DISTT SHIVPURI. It serves the Kolaras 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 UTIB0002821 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Kolaras |
| IFSC Code | UTIB0002821 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR BINDAL MARKET NEAR SBI ATM NH 3 A B ROAD KOLARAS 473770 DISTT SHIVPURI |
| City | Kolaras |
| District | Shivpuri |
| State | Madhya Pradesh |
| STD Code | 91 |
| Phone | 7509210223 |
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 KOLARAS branch came to be assigned the code UTIB0002821.
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 UTIB0002821, money simply cannot be routed to the KOLARAS branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Kolaras branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0002821 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC UTIB0002821
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 UTIB0002821 across all three.
NEFT to Axis Bank, KOLARAS using IFSC UTIB0002821
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 UTIB0002821, and confirm that the system picks up Axis Bank – KOLARAS. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to KOLARAS
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's KOLARAS branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0002821 while initiating the transfer and the credit will appear within minutes.
IMPS to Axis Bank KOLARAS (IFSC UTIB0002821)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0002821 in your mobile or internet banking app, and the money is credited to the KOLARAS branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0002821 for Axis Bank – KOLARAS, 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 – UTIB0002821 | Yes – UTIB0002821 | Yes – UTIB0002821 |
For most retail customers crediting the Kolaras 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 KOLARAS branch, the IFSC UTIB0002821 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 Kolaras branch is mapped to IFSC UTIB0002821 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 UTIB0002821.
Products and services
Customers walking into the Kolaras branch can access most of Axis Bank's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC UTIB0002821
Online banking and IFSC UTIB0002821
Axis Bank customers can register for net banking and the bank's official mobile app once their account at the KOLARAS 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 UTIB0002821 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.
Reaching the branch
The Kolaras branch sits at GROUND FLOOR BINDAL MARKET NEAR SBI ATM NH 3 A B ROAD KOLARAS 473770 DISTT SHIVPURI. If you are travelling from outside Kolaras, search for the branch on a maps application using the bank name and locality, or call 91-7509210223 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC UTIB0002821 and your account number.
Common mistakes to avoid when using IFSC UTIB0002821
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Axis Bank – KOLARAS, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
UTIB0002821. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
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 Kolaras branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0002821, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC UTIB0002821 for Axis Bank – KOLARAS, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Axis BankKolaras Branch
GROUND FLOOR BINDAL MARKET NEAR SBI ATM NH 3 A B ROAD KOLARAS 473770 DISTT SHIVPURI
Kolaras, Madhya Pradesh
Phone: 91-7509210223
IFSC: UTIB0002821
Frequently asked questions
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 Kolaras branch but serve different purposes.
What is the phone number of Axis Bank Kolaras branch?
You can reach the branch at 91-7509210223 during regular banking hours.
Is IFSC UTIB0002821 valid for NEFT and RTGS?
Yes. IFSC UTIB0002821 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC UTIB0002821 the same for all accounts at Kolaras branch?
Yes. The IFSC UTIB0002821 is shared by every account held at Axis Bank's Kolaras branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using UTIB0002821 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Kolaras reflect within 30 minutes.
Does Axis Bank Kolaras branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-7509210223 to confirm.
Final notes
To recap: UTIB0002821 is the IFSC code of Axis Bank, KOLARAS branch, in KOLARAS, MADHYA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
