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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Axis Bank for its Balachaur branch in Nawanshahr, Balachaur, or Punjab, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Axis Bank located in Nawanshahr or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0002805. 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, Balachaur, Nawanshahr
Below in the table are the key details related to IFSC Code UTIB0002805 of Axis Bank for its branch located in Nawanshahr, within the district of Balachaur in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002805 |
| Branch | Balachaur |
| City | Nawanshahr |
| District | Balachaur |
| State | Punjab |
| Address | Gr Fl Khewat Khatauni Khasrano 43233 Garhshankarrd Balachaur Bhagatsinghnagar 144521 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Nawanshahr for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002805 for the Balachaur 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 Balachaur, Nawanshahr, Punjab, are given a unique IFSC like UTIB0002805 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nawanshahr.
- 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 Nawanshahr and Balachaur.
- 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 Balachaur 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 UTIB0002805
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 Balachaur in Nawanshahr.
For example, the IFSC Code UTIB0002805 of Axis Bank for the Balachaur branch includes these elements, identifying the bank and the branch location in Nawanshahr and Punjab accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002805 of Axis Bank for its Balachaur branch located in Nawanshahr, the following methods can help:
Cheque Book
The cheque book issued by Axis Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Axis Bank branches in Nawanshahr and Balachaur, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Axis Bank and navigate to the branch locator section. Search for Balachaur or Nawanshahr to get the exact IFSC Code UTIB0002805.
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 keeps an updated list of all IFSC codes. If you search for Axis Bank and Nawanshahr, you'll get the correct details.
How to Use IFSC Code UTIB0002805 for Online Transfers?
If you have the IFSC Code UTIB0002805 for the Balachaur branch of Axis Bank in Nawanshahr, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002805. 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 UTIB0002805.
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 Balachaur in Nawanshahr, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Axis Bank in Balachaur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Axis Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Nawanshahr manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0002805.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gr Fl Khewat Khatauni Khasrano 43233 Garhshankarrd Balachaur Bhagatsinghnagar 144521 located in Nawanshahr, Balachaur, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
