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 The Moda Central Cooperative Bank Ltd branch in Moga, Moga, 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 Moga or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0SMCB01. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, The Moda Central Cooperative Bank Ltd, Moga
Here are the key points that are associated with the IFSC Code UTIB0SMCB01 of Axis Bank for its branch located in Moga, within the district of Moga in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0SMCB01 |
| Branch | The Moda Central Cooperative Bank Ltd |
| City | Moga |
| District | Moga |
| State | Punjab |
| Address | G. T. Road, Moga |
These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Moga for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0SMCB01 for the The Moda Central Cooperative Bank Ltd branch of Axis Bank is vital.
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 Moda Central Cooperative Bank Ltd, Moga, Punjab, is provided a unique IFSC like UTIB0SMCB01 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Moga.
- 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 Moga and Moga.
- 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 Moda Central Cooperative Bank Ltd do not get misguided to another person.
Format of the IFSC Code UTIB0SMCB01
The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Axis Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as The Moda Central Cooperative Bank Ltd in Moga.
For example, the IFSC Code UTIB0SMCB01 of Axis Bank for the The Moda Central Cooperative Bank Ltd branch includes these elements, identifying the bank and the branch location in Moga and Punjab accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0SMCB01 of Axis Bank for its The Moda Central Cooperative Bank Ltd branch located in Moga, the following methods can help you out:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Moga and Moga, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and go to the branch locator section. Then search for The Moda Central Cooperative Bank Ltd or Moga to find the exact IFSC Code UTIB0SMCB01.
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 maintains an updated database of all IFSC codes. Searching for Axis Bank and Moga will provide accurate information.
How to Use IFSC Code UTIB0SMCB01 for Online Transfers?
Once you have the IFSC Code UTIB0SMCB01 for the The Moda Central Cooperative Bank Ltd branch of Axis Bank in Moga, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0SMCB01. 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 UTIB0SMCB01.
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 Moda Central Cooperative Bank Ltd in Moga, 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 The Moda Central Cooperative Bank Ltd, 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 Moga manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0SMCB01.
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 G. T. Road, Moga located in Moga, Moga, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
