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 Jhabelwali branch in Muktsar, Muktsar, 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 Muktsar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0005064. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Jhabelwali, Muktsar
Here are the main details that are associated with the IFSC Code UTIB0005064 of Axis Bank for its branch located in Muktsar, within the district of Muktsar in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005064 |
| Branch | Jhabelwali |
| City | Muktsar |
| District | Muktsar |
| State | Punjab |
| Address | Ground Floor, Khewat No 59,Khatauni No 186, Vpo Jhabelwali, Dist And Tehsil Sri Muktsar Sahib, Punjab |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Muktsar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005064 for the Jhabelwali 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, along with Axis Bank located in Jhabelwali, Muktsar, Punjab, are allotted a unique IFSC like UTIB0005064 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Muktsar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Muktsar and Muktsar.
- 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 Jhabelwali reaches the right place, even though there are thousands of branches in Punjab and across India.
Format of the IFSC Code UTIB0005064
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 Jhabelwali in Muktsar.
For example, the IFSC Code UTIB0005064 of Axis Bank for the Jhabelwali branch includes these elements, identifying the bank and the branch location in Muktsar and Punjab accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005064 of Axis Bank for its Jhabelwali branch located in Muktsar, 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 Muktsar and Muktsar, 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 Jhabelwali or Muktsar to find the exact IFSC Code UTIB0005064.
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 Muktsar will provide accurate information.
How to Use IFSC Code UTIB0005064 for Online Transfers?
Once you have the IFSC Code UTIB0005064 for the Jhabelwali branch of Axis Bank in Muktsar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005064. 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 UTIB0005064.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Jhabelwali in Muktsar 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 Jhabelwali, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Muktsar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005064.
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, Khewat No 59,Khatauni No 186, Vpo Jhabelwali, Dist And Tehsil Sri Muktsar Sahib, Punjab located in Muktsar, Muktsar, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.