Below are the complete branch details for Axis Bank, ASNABAD branch, located in OLPAD, GUJARAT. The IFSC assigned by the Reserve Bank of India to this branch is UTIB0002492. 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 UTIB0002492 for Axis Bank – ASNABAD — 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, UTIB0002492 is the IFSC of Axis Bank's ASNABAD branch. The format is fixed: UTIB = bank code, 0 = reserved, 002492 = branch identifier.
About the bank
Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Asnabad branch in Olpad, Gujarat is part of this network and uses the IFSC code UTIB0002492 for all electronic settlement.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Asnabad |
| IFSC Code | UTIB0002492 |
| MICR Code | Refer to cheque leaf |
| Branch Address | OPP.GIDC,OLPAD SURAT ROAD,VILLAGE ASNABAD,TALUKA OLPAD,DISTRICT SURAT,GUJARAT,PIN 394 540 |
| City | Olpad |
| District | Surat |
| State | Gujarat |
| STD Code | 91 |
| Phone | 9377630608 |
About this branch
The branch is located at OPP.GIDC,OLPAD SURAT ROAD,VILLAGE ASNABAD,TALUKA OLPAD,DISTRICT SURAT,GUJARAT,PIN 394 540. It serves the Olpad 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 UTIB0002492 is used to identify this branch on the RBI payments network.
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 ASNABAD branch came to be assigned the code UTIB0002492.
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 UTIB0002492, money simply cannot be routed to the ASNABAD branch electronically.
Products and account variants supported
Every account opened at the Asnabad branch is mapped to IFSC UTIB0002492 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 UTIB0002492.
Products and services
Customers walking into the Asnabad 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 UTIB0002492
How to transfer money using IFSC UTIB0002492
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 UTIB0002492 across all three.
How to use IFSC UTIB0002492 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Axis Bank's ASNABAD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC UTIB0002492.
- Confirm the bank name auto-populates as Axis Bank and the branch as ASNABAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to ASNABAD
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's ASNABAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0002492 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Axis Bank – ASNABAD, use IMPS. With IFSC UTIB0002492 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0002492 for Axis Bank – ASNABAD, 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 – UTIB0002492 | Yes – UTIB0002492 | Yes – UTIB0002492 |
For most retail customers crediting the Asnabad 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 UTIB0002492
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 – ASNABAD is still mapped to IFSC UTIB0002492. 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 UTIB0002492 and the beneficiary's account number to complete the transfer.
Online banking and IFSC UTIB0002492
Axis Bank customers can register for net banking and the bank's official mobile app once their account at the ASNABAD 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 UTIB0002492 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 & cheque-truncation details
Cheques drawn on the Asnabad branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0002492 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
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 – ASNABAD:
- The IFSC is exactly UTIB0002492 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 ASNABAD 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.
Reaching the branch
The Asnabad branch sits at OPP.GIDC,OLPAD SURAT ROAD,VILLAGE ASNABAD,TALUKA OLPAD,DISTRICT SURAT,GUJARAT,PIN 394 540. If you are travelling from outside Olpad, search for the branch on a maps application using the bank name and locality, or call 91-9377630608 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 UTIB0002492 and your account number.
Verifying IFSC UTIB0002492 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 UTIB0002492 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 91-9377630608.
- 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 Asnabad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0002492, however, work 24x7.
Branch address & contact
Axis BankAsnabad Branch
OPP.GIDC,OLPAD SURAT ROAD,VILLAGE ASNABAD,TALUKA OLPAD,DISTRICT SURAT,GUJARAT,PIN 394 540
Olpad, Gujarat
Phone: 91-9377630608
IFSC: UTIB0002492
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 Asnabad branch but serve different purposes.
Is IFSC UTIB0002492 the same for all accounts at Asnabad branch?
Yes. The IFSC UTIB0002492 is shared by every account held at Axis Bank's Asnabad branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using UTIB0002492 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Asnabad reflect within 30 minutes.
Does Axis Bank Asnabad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 91-9377630608 to confirm.
How do I add Axis Bank Asnabad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0002492, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Axis Bank Asnabad branch located?
Axis Bank's Asnabad branch is located at OPP.GIDC,OLPAD SURAT ROAD,VILLAGE ASNABAD,TALUKA OLPAD,DISTRICT SURAT,GUJARAT,PIN 394 540, Olpad, Gujarat.
Is IFSC UTIB0002492 valid for NEFT and RTGS?
Yes. IFSC UTIB0002492 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Axis Bank Asnabad branch?
You can reach the branch at 91-9377630608 during regular banking hours.
Final notes
To recap: UTIB0002492 is the IFSC code of Axis Bank, ASNABAD branch, in OLPAD, GUJARAT. 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.
