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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Balaganj branch in Lucknow, Lucknow, Uttar Pradesh, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Lucknow or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code UTIB0005508. 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, Balaganj, Lucknow
The table below shows the main details of the IFSC Code UTIB0005508 for the Axis Bank branch in Lucknow, which falls under the Lucknow district in Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005508 |
| Branch | Balaganj |
| City | Lucknow |
| District | Lucknow |
| State | Uttar Pradesh |
| Address | Ugf, Building 546 Or 1261 Or 001 Vill Baraura Hussain Bari, Balaganj, Hardoi Road, Lucknow 226003, Up |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Lucknow for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005508 for the Balaganj branch of Axis Bank is vital.
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, along with Axis Bank located in Balaganj, Lucknow, Uttar Pradesh, are allotted a unique IFSC like UTIB0005508 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Lucknow.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Lucknow and Lucknow.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Axis Bank in Balaganj reaches the right place, even though there are thousands of branches in Uttar Pradesh and across India.
Format of the IFSC Code UTIB0005508
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 Balaganj in Lucknow.
For example, the IFSC Code UTIB0005508 of Axis Bank for the Balaganj branch includes these elements, identifying the bank and the branch location in Lucknow and Uttar Pradesh correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005508 of Axis Bank for its Balaganj branch located in Lucknow, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Lucknow and Lucknow, print them 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 Balaganj or Lucknow to get the exact IFSC Code UTIB0005508.
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 Lucknow, you'll get the correct details.
How to Use IFSC Code UTIB0005508 for Online Transfers?
Once you have the IFSC Code UTIB0005508 for the Balaganj branch of Axis Bank in Lucknow, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0005508. 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 UTIB0005508.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Balaganj in Lucknow, your payment can get delayed or might not go through at all.
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 Balaganj, 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 Lucknow manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005508.
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 Ugf, Building 546 Or 1261 Or 001 Vill Baraura Hussain Bari, Balaganj, Hardoi Road, Lucknow 226003, Up located in Lucknow, Lucknow, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
