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 Rahon branch in Nanwanshahr, Rahon, 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 Nanwanshahr or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0004354. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Axis Bank, Rahon, Nanwanshahr
The table below shows the main details of the IFSC Code UTIB0004354 for the Axis Bank branch in Nanwanshahr, which falls under the Rahon district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004354 |
| Branch | Rahon |
| City | Nanwanshahr |
| District | Rahon |
| State | Punjab |
| Address | Ground Floor, Rahon, Distt Nawanshahr 144517 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Nanwanshahr for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004354 for the Rahon 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 Rahon, Nanwanshahr, Punjab, is provided with a unique IFSC like UTIB0004354 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Nanwanshahr.
- 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 Nanwanshahr and Rahon.
- 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 Rahon do not get mixed with another location.
Format of the IFSC Code UTIB0004354
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 Rahon in Nanwanshahr.
For example, the IFSC Code UTIB0004354 of Axis Bank for the Rahon branch includes these elements, identifying the bank and the branch location in Nanwanshahr and Punjab accurately.
How to Find IFSC Code for Axis Bank?
If you are looking for the IFSC Code UTIB0004354 of Axis Bank for its Rahon branch located in Nanwanshahr, 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 Nanwanshahr and Rahon, 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 Rahon or Nanwanshahr to get the exact IFSC Code UTIB0004354.
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 Nanwanshahr, then it will provide you proper information.
How to Use IFSC Code UTIB0004354 for Online Transfers?
If you have the IFSC Code UTIB0004354 for the Rahon branch of Axis Bank in Nanwanshahr, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004354. Transfers are processed in batches. 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. Asks for the recipient's account details and Axis Bank IFSC Code UTIB0004354.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Axis Bank Rahon in Nanwanshahr, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Rahon, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Nanwanshahr manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004354.
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 Ground Floor, Rahon, Distt Nawanshahr 144517 located in Nanwanshahr, Rahon, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.