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 The Hoshiarpur Central Cooperative Bank Ltd branch in Hoshiarpur, Hoshiarpur, 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 UTIB0SHSP01. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, The Hoshiarpur Central Cooperative Bank Ltd, Hoshiarpur
Below in the table are the key details related to IFSC Code UTIB0SHSP01 of Axis Bank for its branch located in Hoshiarpur, within the district of Hoshiarpur in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SHSP01 |
| Branch | The Hoshiarpur Central Cooperative Bank Ltd |
| City | Hoshiarpur |
| District | Hoshiarpur |
| State | Punjab |
| Address | Near Sardar Courts, Hoshiarpur-146001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Hoshiarpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0SHSP01 for the The Hoshiarpur Central Cooperative Bank Ltd branch of Axis Bank has an important role.
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 The Hoshiarpur Central Cooperative Bank Ltd, Hoshiarpur, Punjab, is provided a unique IFSC like UTIB0SHSP01 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 Hoshiarpur.
- 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 The Hoshiarpur Central Cooperative Bank Ltd do not get misguided to another person.
Format of the IFSC Code UTIB0SHSP01
The format of the IFSC Code for banks, including Axis Bank, has 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 The Hoshiarpur Central Cooperative Bank Ltd in Hoshiarpur.
For example, the IFSC Code UTIB0SHSP01 of Axis Bank for the The Hoshiarpur Central Cooperative Bank Ltd branch includes these elements, identifying the bank and the branch location in Hoshiarpur and Punjab correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0SHSP01 of Axis Bank for its The Hoshiarpur Central Cooperative Bank Ltd branch located in Hoshiarpur, 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 Hoshiarpur and Hoshiarpur, 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 The Hoshiarpur Central Cooperative Bank Ltd or Hoshiarpur to get the exact IFSC Code UTIB0SHSP01.
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 Hoshiarpur, you'll get the correct details.
How to Use IFSC Code UTIB0SHSP01 for Online Transfers?
Once you have the IFSC Code UTIB0SHSP01 for the The Hoshiarpur Central Cooperative Bank Ltd branch of Axis Bank in Hoshiarpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SHSP01. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0SHSP01.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank The Hoshiarpur Central Cooperative Bank Ltd in Hoshiarpur, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in The Hoshiarpur Central Cooperative Bank Ltd, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Hoshiarpur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SHSP01.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Near Sardar Courts, Hoshiarpur-146001 located in Hoshiarpur, Hoshiarpur, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.