IFSC Code of Axis Bank, Sector Sixty Seven Mohali, Mohali, Punjab- UTIB0004457

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 Sector Sixty Seven Mohali branch in Mohali, Mohali, Punjab, 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 Mohali or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0004457. 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, Sector Sixty Seven Mohali, Mohali

Here are some of the key details that come with the IFSC Code UTIB0004457 of Axis Bank for its branch located in Mohali, within the district of Mohali in the state of Punjab.

These details helps users in online banking and for businesses and individuals who use Axis Bank in Mohali for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004457 for the Sector Sixty Seven Mohali branch of Axis Bank plays a vital 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, including Axis Bank located in Sector Sixty Seven Mohali, Mohali, Punjab, is provided with a unique IFSC like UTIB0004457 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Mohali.
• 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 Mohali and Mohali.
• 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 Sector Sixty Seven Mohali do not get mixed with another location.

Format of the IFSC Code UTIB0004457

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 Sector Sixty Seven Mohali in Mohali.

For example, the IFSC Code UTIB0004457 of Axis Bank for the Sector Sixty Seven Mohali branch includes these elements, identifying the bank and the branch location in Mohali and Punjab accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0004457 of Axis Bank for its Sector Sixty Seven Mohali branch located in Mohali, 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 Mohali and Mohali, 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 Sector Sixty Seven Mohali or Mohali to find the exact IFSC Code UTIB0004457.

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 Mohali will provide accurate information.

How to Use IFSC Code UTIB0004457 for Online Transfers?

Once you have the IFSC Code UTIB0004457 for the Sector Sixty Seven Mohali branch of Axis Bank in Mohali, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0004457. 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 UTIB0004457.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Sector Sixty Seven Mohali in Mohali may result in delayed or failed transactions.

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 Sector Sixty Seven Mohali, 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 Mohali manage online transfers as well as cheque clearances with ease.