For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Mundian Kalan branch in Ludhiana, Mundian Kalan, Punjab, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0001417. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Mundian Kalan, Ludhiana
Below in the table are the key details related to IFSC Code UTIB0001417 of Axis Bank for its branch located in Ludhiana, within the district of Mundian Kalan in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0001417 |
| Branch | Mundian Kalan |
| City | Ludhiana |
| District | Mundian Kalan |
| State | Punjab |
| Address | Ground Floor,Village- Mudian Kalan,Distt. Ludhiana,Punjab,Pin 141015. |
These details help users in online banking and for businesses and individuals who use Axis Bank in Ludhiana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0001417 for the Mundian Kalan branch of Axis Bank has a very important 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, along with Axis Bank located in Mundian Kalan, Ludhiana, Punjab, are allotted a unique IFSC like UTIB0001417 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 confusion between different branches of the same bank in places like Ludhiana and Mundian Kalan.
- 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 Mundian Kalan reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code UTIB0001417
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 Mundian Kalan in Ludhiana.
For example, the IFSC Code UTIB0001417 of Axis Bank for the Mundian Kalan branch includes these elements, identifying the bank and the branch location in Ludhiana and Punjab correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0001417 of Axis Bank for its Mundian Kalan 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 Mundian Kalan, 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 Mundian Kalan or Ludhiana to get the exact IFSC Code UTIB0001417.
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 UTIB0001417 for Online Transfers?
Once you have the IFSC Code UTIB0001417 for the Mundian Kalan branch of Axis Bank in Ludhiana, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0001417. 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 UTIB0001417.
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 Mundian Kalan in Ludhiana, it can 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 Mundian Kalan, 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 UTIB0001417.
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,Village- Mudian Kalan,Distt. Ludhiana,Punjab,Pin 141015. located in Ludhiana, Mundian Kalan, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
