IFSC Code of Axis Bank, Panchkula Sector Seven, Panchkula, Haryana- UTIB0003524

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Axis Bank for its Panchkula Sector Seven branch in Panchkula, Panchkula, Haryana, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Axis Bank located in Panchkula or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code UTIB0003524. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Panchkula Sector Seven, Panchkula

Here are the main details that are associated with the IFSC Code UTIB0003524 of Axis Bank for its branch located in Panchkula, within the district of Panchkula in the state of Haryana.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Panchkula for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0003524 for the Panchkula Sector Seven 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 that is provided by the Reserve Bank of India. A unique IFSC like UTIB0003524 is given to every bank branch, including Axis Bank located in Panchkula Sector Seven, Panchkula, Haryana, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Axis Bank branch in Panchkula.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Panchkula and Panchkula.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Haryana and the rest of India, which is why the IFSC Code ensures that transactions meant for Axis Bank in Panchkula Sector Seven doesn't end up at another location.

Format of the IFSC Code UTIB0003524

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 Panchkula Sector Seven in Panchkula.

For example, the IFSC Code UTIB0003524 of Axis Bank for the Panchkula Sector Seven branch includes these elements, identifying the bank and the branch location in Panchkula and Haryana accurately.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0003524 of Axis Bank for its Panchkula Sector Seven branch located in Panchkula, 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 Panchkula and Panchkula, 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 Panchkula Sector Seven or Panchkula to find the exact IFSC Code UTIB0003524.

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 Panchkula will provide accurate information.

How to Use IFSC Code UTIB0003524 for Online Transfers?

Once you have the IFSC Code UTIB0003524 for the Panchkula Sector Seven branch of Axis Bank in Panchkula, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0003524. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Axis Bank IFSC Code UTIB0003524.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Axis Bank Panchkula Sector Seven in Panchkula, it can 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 Panchkula Sector Seven, 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 Panchkula to handle online money transfers and get their cheques cleared smoothly.