IFSC Code of Axis Bank, Raniala, Garhshankar, Punjab- UTIB0002422

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Raniala branch in Hoshiarpur, Garhshankar, Punjab, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Axis Bank located in Hoshiarpur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0002422. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Raniala, Hoshiarpur

Below in the table are the key details related to IFSC Code UTIB0002422 of Axis Bank for its branch located in Hoshiarpur, within the district of Garhshankar in the state of Punjab.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Hoshiarpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0002422 for the Raniala branch of Axis Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Raniala, Hoshiarpur, Punjab, is provided a unique IFSC like UTIB0002422 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Axis Bank branch in Hoshiarpur.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Hoshiarpur and Garhshankar.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Punjab and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Raniala do not get misguided to another person.

Format of the IFSC Code UTIB0002422

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Raniala in Hoshiarpur.

For example, the IFSC Code UTIB0002422 of Axis Bank for the Raniala branch includes these elements, identifying the bank and the branch location in Hoshiarpur and Punjab accurately.

How to Find IFSC Code for Axis Bank?

If you are trying to find the IFSC Code UTIB0002422 of Axis Bank for its Raniala branch located in Hoshiarpur, the following methods can help:

Cheque Book

The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Axis Bank branches in Hoshiarpur and Garhshankar, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Axis Bank and find the branch locator section. Search for Raniala or Hoshiarpur to get the exact IFSC Code UTIB0002422.

Mobile Banking App

If you use Axis Bank's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Axis Bank and Hoshiarpur that will provide accurate information.

How to Use IFSC Code UTIB0002422 for Online Transfers?

If you have the IFSC Code UTIB0002422 for the Raniala branch of Axis Bank in Hoshiarpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0002422. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0002422.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Raniala in Hoshiarpur, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Raniala, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Axis Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Hoshiarpur manage online transfers as well as cheque clearances with ease.