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 Phullanwal (Punjab) branch in Ludhiana, Phullanwala, 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 Ludhiana or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0000196. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Phullanwal (Punjab), Ludhiana
Here are some of the key details that come with the IFSC Code UTIB0000196 of Axis Bank for its branch located in Ludhiana, within the district of Phullanwala in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0000196 |
| Branch | Phullanwal (Punjab) |
| City | Ludhiana |
| District | Phullanwala |
| State | Punjab |
| Address | Pakhowal Road, Phullanwal District 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 UTIB0000196 for the Phullanwal (Punjab) 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, including Axis Bank located in Phullanwal (Punjab), Ludhiana, Punjab, is provided with a unique IFSC like UTIB0000196 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Ludhiana.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Ludhiana and Phullanwala.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Punjab and the rest of India and the IFSC Code ensures that transactions meant for Axis Bank in Phullanwal (Punjab) do not get mixed with another location.
Format of the IFSC Code UTIB0000196
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 Phullanwal (Punjab) in Ludhiana.
For example, the IFSC Code UTIB0000196 of Axis Bank for the Phullanwal (Punjab) 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 looking for the IFSC Code UTIB0000196 of Axis Bank for its Phullanwal (Punjab) branch located in Ludhiana, the following methods can help:
Cheque Book
The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Axis Bank branches in Ludhiana and Phullanwala, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Axis Bank and look for the branch locator section, then search for Phullanwal (Punjab) or Ludhiana to get the exact IFSC Code UTIB0000196.
Mobile Banking App
If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Ludhiana, then it will provide you proper information.
How to Use IFSC Code UTIB0000196 for Online Transfers?
Once you have the IFSC Code UTIB0000196 for the Phullanwal (Punjab) branch of Axis Bank in Ludhiana, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0000196. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 UTIB0000196.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Phullanwal (Punjab) in Ludhiana, your payment can get delayed or might not go through at all.
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 Phullanwal (Punjab), 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 UTIB0000196.
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 Pakhowal Road, Phullanwal District Ludhiana located in Ludhiana, Phullanwala, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.