Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Bansepur branch in Chandigarh, Chandigarh, or Chandigarh, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Chandigarh or anywhere in Chandigarh can transfer funds instantly by using the correct IFSC Code UTIB0002165. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Bansepur, Chandigarh
Here are the key points that are associated with the IFSC Code UTIB0002165 of Axis Bank for its branch located in Chandigarh, within the district of Chandigarh in the state of Chandigarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002165 |
| Branch | Bansepur |
| City | Chandigarh |
| District | Chandigarh |
| State | Chandigarh |
| Address | Ground Floor, Khasra No. 41, Khewat No. 3, Khatauni No. 3, Tehsil Kharar, Village Bansepur, Dist. Mohali, Punjab, Pin 160014 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Chandigarh for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002165 for the Bansepur branch of Axis Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Bansepur, Chandigarh, Chandigarh, is provided with a unique IFSC like UTIB0002165 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Chandigarh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Chandigarh and Chandigarh.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Chandigarh and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Bansepur do not get mixed with another location.
Format of the IFSC Code UTIB0002165
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Bansepur in Chandigarh.
For example, the IFSC Code UTIB0002165 of Axis Bank for the Bansepur branch includes these elements, identifying the bank and the branch location in Chandigarh and Chandigarh accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002165 of Axis Bank for its Bansepur branch located in Chandigarh, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Chandigarh and Chandigarh, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Bansepur or Chandigarh to get the exact IFSC Code UTIB0002165.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Axis Bank and Chandigarh, you'll get the correct details.
How to Use IFSC Code UTIB0002165 for Online Transfers?
Once you have the IFSC Code UTIB0002165 for the Bansepur branch of Axis Bank in Chandigarh, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002165. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0002165.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Bansepur in Chandigarh, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Axis Bank in Bansepur, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Chandigarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002165.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Ground Floor, Khasra No. 41, Khewat No. 3, Khatauni No. 3, Tehsil Kharar, Village Bansepur, Dist. Mohali, Punjab, Pin 160014 located in Chandigarh, Chandigarh, Chandigarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
