If you are searching for the IFSC code of Axis Bank, PANNA branch in PANNA, MADHYA PRADESH, this page has every detail you need. The verified IFSC code for this branch is UTIB0002882. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the PANNA branch, and detailed step-by-step guides for using the IFSC UTIB0002882 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
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 – PANNA is UTIB0002882. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 002882 map to this branch in PANNA, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Panna |
| IFSC Code | UTIB0002882 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR KHASRA NO 3199 WARD NO 13 BTI ROAD |
| City | Panna |
| District | Panna |
| State | Madhya Pradesh |
| STD Code | 7732 |
| Phone | 253676 |
About Axis Bank
Axis Bank operates a wide network of branches across India, including the Panna branch in Panna. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, UTIB0002882.
About the Panna branch
The Panna branch of Axis Bank is situated at GROUND FLOOR KHASRA NO 3199 WARD NO 13 BTI ROAD. 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 UTIB0002882 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 PANNA branch came to be assigned the code UTIB0002882.
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 UTIB0002882, money simply cannot be routed to the PANNA branch electronically.
How to transfer money using IFSC UTIB0002882
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 UTIB0002882 across all three.
How to use IFSC UTIB0002882 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Axis Bank's PANNA 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 UTIB0002882.
- Confirm the bank name auto-populates as Axis Bank and the branch as PANNA.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC UTIB0002882
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Axis Bank – PANNA, ensure your bank's portal accepts IFSC UTIB0002882 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to Axis Bank – PANNA, use IMPS. With IFSC UTIB0002882 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 UTIB0002882 for Axis Bank – PANNA, 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 – UTIB0002882 | Yes – UTIB0002882 | Yes – UTIB0002882 |
For most retail customers crediting the Panna 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 UTIB0002882
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 – PANNA is still mapped to IFSC UTIB0002882. 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 UTIB0002882 and the beneficiary's account number to complete the transfer.
Account types you can open at the Panna branch
Once you have an account at Axis Bank – PANNA, the IFSC UTIB0002882 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Panna branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7732-253676.
- 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 UTIB0002882
MICR & cheque-truncation details
Cheques drawn on the Panna branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0002882 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Digital banking channels
Most day-to-day work that customers used to do at the Panna 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 UTIB0002882 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.
Common mistakes to avoid when using IFSC UTIB0002882
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 – PANNA, 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:
UTIB0002882. - 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.
How to reach the Panna branch
The branch is located at GROUND FLOOR KHASRA NO 3199 WARD NO 13 BTI ROAD, which puts it inside Panna, the broader Panna district, and the state of Madhya Pradesh. To plan your visit:
- Open Google Maps on your phone and search for “Axis Bank Panna branch” — the verified location pin for IFSC UTIB0002882 should appear at the top of the results.
- Confirm the branch is open by calling 7732-253676 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 UTIB0002882 and your account number.
Verifying IFSC UTIB0002882 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 UTIB0002882 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 7732-253676.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Panna are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UTIB0002882 continue to work without interruption.
Branch address & contact
Axis BankPanna Branch
GROUND FLOOR KHASRA NO 3199 WARD NO 13 BTI ROAD
Panna, Madhya Pradesh
Phone: 7732-253676
IFSC: UTIB0002882
Frequently asked questions
Is IFSC UTIB0002882 valid for NEFT and RTGS?
Yes. IFSC UTIB0002882 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Axis Bank Panna branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 7732-253676 to confirm.
How do I add Axis Bank Panna as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0002882, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Axis Bank Panna branch?
The IFSC code of Axis Bank, Panna branch is UTIB0002882. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the phone number of Axis Bank Panna branch?
You can reach the branch at 7732-253676 during regular banking hours.
Is IFSC UTIB0002882 the same for all accounts at Panna branch?
Yes. The IFSC UTIB0002882 is shared by every account held at Axis Bank's Panna branch. Only the account number changes from customer to customer.
Where is Axis Bank Panna branch located?
Axis Bank's Panna branch is located at GROUND FLOOR KHASRA NO 3199 WARD NO 13 BTI ROAD, Panna, Madhya Pradesh.
Final notes
To recap: UTIB0002882 is the IFSC code of Axis Bank, PANNA branch, in PANNA, 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.
