IFSC Code of Axis Bank, Tharajwala, Muktsar, Punjab- UTIB0002242

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 Tharajwala 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 UTIB0002242. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Tharajwala, Muktsar

Here are the main details that are associated with the IFSC Code UTIB0002242 of Axis Bank for its branch located in Muktsar, within the district of Muktsar in the state of Punjab.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Muktsar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002242 for the Tharajwala branch of Axis Bank plays an 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 Tharajwala, Muktsar, Punjab, are given a unique IFSC like UTIB0002242 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 any kind of 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 helps ensure that any money sent to Axis Bank in Tharajwala goes to the correct branch. This is important because Axis Bank has thousands of branches in Punjab and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code UTIB0002242

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Tharajwala in Muktsar.

For example, the IFSC Code UTIB0002242 of Axis Bank for the Tharajwala branch has these elements, identifying the bank and the branch location in Muktsar and Punjab correctly.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0002242 of Axis Bank for its Tharajwala branch located in Muktsar, 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 Muktsar and Muktsar, 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 Tharajwala or Muktsar to get the exact IFSC Code UTIB0002242.

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 Muktsar, then it will provide you proper information.

How to Use IFSC Code UTIB0002242 for Online Transfers?

Once you have the IFSC Code UTIB0002242 for the Tharajwala 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 UTIB0002242. 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 UTIB0002242.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Tharajwala 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 Tharajwala, 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.