Search BSR Codes of AXIS Bank in Kerala
Axis Bank Kerala BSR Code
BSR Codes of AXIS Bank in Alaphuzha BSR Codes of AXIS Bank in Ernakulam BSR Codes of AXIS Bank in Idukki BSR Codes of AXIS Bank in Kannur BSR Codes of AXIS Bank in Kasargod BSR Codes of AXIS Bank in Kollam BSR Codes of AXIS Bank in Kottayam BSR Codes of AXIS Bank in Kozhikode BSR Codes of AXIS Bank in Malappuram BSR Codes of AXIS Bank in Mallapuram, BSR Codes of AXIS Bank in Palakkad BSR Codes of AXIS Bank in Pathanamthitta BSR Codes of AXIS Bank in Thiruvananthapuram BSR Codes of AXIS Bank in Thrissur BSR Codes of AXIS Bank in Wayanad
What is BSR Code for AXIS Bank’s Branches in Kerala
BSR stands for BASIC STATISTICAL RETURNS. BSR code is a seven-digit code allotted by Reserve Bank of India to all the registered banks in India. The first three digits out of the seven represent AXIS Bank whereas the remaining four digits represent AXIS Bank’s branch in Kerala.
Where is AXIS Bank’s Kerala BSR code used
Basic Statistical Returns is a system, which tries to integrate the data relating to various commercial banks and promotes the filling of the same with RBI at regular intervals. It is used in 3 particular places:
- When TDS/TCS returns are being filed, BSR code is used in challan details and deductee details. This system is used to maintain records of the online payments and alerts the Income Tax department about the payment through banks.
- BSR Codes also assist any international tax authority to track the payment made by an individual to a foreign country.
- BSR Codes enables the senior citizens to receive pensions earlier.
How are AXIS Bank’s Kerala BSR and CIN used
CIN or Challan Identification Number is a 20-digit unique identification number that can be found on the taxpayer’s counterfoil. BSR code is used in combination with the CIN number which also comprises of the date of deposit (dd/ mm/ yy i.e. six digits) and the challan serial number in 5 digits. CIN is always unique for each challan throughout the country and thus, helps in identifying the challan in the OLTAS.
What is the difference between AXIS Bank’s Kerala BSR code and IFSC code?
Although, both IFSC codes and BSR codes help uniquely identify a particular bank branch, they are different in 2 ways.
5. The number of digits used to represent each code is different. IFSC is an 11-digit alphanumeric code, while BSR code is a seven-digit code.
6. An IFSC code is used while making online money transfers through RTGS (Real-time gross settlement systems) and NEFT (national electronic fund transfer), while BSR codes are used for filing online TDS/TCS returns or for easy distribution of pension among retired Government employees