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 Chuharpura branch in Ludhiana, Ludhiana, or Punjab, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0005297. 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, Chuharpura, Ludhiana
Below in the table are the key details related to IFSC Code UTIB0005297 of Axis Bank for its branch located in Ludhiana, within the district of Ludhiana in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005297 |
| Branch | Chuharpura |
| City | Ludhiana |
| District | Ludhiana |
| State | Punjab |
| Address | Axis Bank Ltd,Ground Floor,Near International Public School,Village Chuharpura,Tehsil Ludhiana |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Ludhiana for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0005297 for the Chuharpura 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 Chuharpura, Ludhiana, Punjab, are given a unique IFSC like UTIB0005297 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ludhiana.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Ludhiana and Ludhiana.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Axis Bank in Chuharpura goes to the correct branch. This is important because Axis Bank has thousands of branches in Punjab and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UTIB0005297
This is the format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Chuharpura in Ludhiana.
For example, the IFSC Code UTIB0005297 of Axis Bank for the Chuharpura branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0005297 of Axis Bank for its Chuharpura branch located in Ludhiana, 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 Ludhiana and Ludhiana, 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 Chuharpura or Ludhiana to get the exact IFSC Code UTIB0005297.
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 Ludhiana that will provide accurate information.
How to Use IFSC Code UTIB0005297 for Online Transfers?
Once you have the IFSC Code UTIB0005297 for the Chuharpura branch of Axis Bank in Ludhiana, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005297. Transfers are processed in batches. This is 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. Requires the recipient's account details and Axis Bank IFSC Code UTIB0005297.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Chuharpura in Ludhiana 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 Chuharpura, 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 Ludhiana manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005297.
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 Axis Bank Ltd,Ground Floor,Near International Public School,Village Chuharpura,Tehsil Ludhiana located in Ludhiana, Ludhiana, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
