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 Leela Bhawan Patiala branch in Patiala, Patiala, Punjab, 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 Patiala or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0005123. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Leela Bhawan Patiala, Patiala
The table below shows the main details of the IFSC Code UTIB0005123 for the Axis Bank branch in Patiala, which falls under the Patiala district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0005123 |
| Branch | Leela Bhawan Patiala |
| City | Patiala |
| District | Patiala |
| State | Punjab |
| Address | Axis Bank Ltd, Ground Floor, Khasra 4574 2746 104, Plot 1 2 Ram Bagh, Leela Bhawan Road Opposite Income Tax Office, Patiala Tehsil And District Patiala Punjab Pin 147001 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Patiala for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0005123 for the Leela Bhawan Patiala 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, including Axis Bank located in Leela Bhawan Patiala, Patiala, Punjab, is provided with a unique IFSC like UTIB0005123 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Axis Bank branch in Patiala.
- 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 Patiala and Patiala.
- 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 Leela Bhawan Patiala do not get mixed with another location.
Format of the IFSC Code UTIB0005123
The format of the IFSC Code for banks, including Axis Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Axis Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Leela Bhawan Patiala in Patiala.
For example, the IFSC Code UTIB0005123 of Axis Bank for the Leela Bhawan Patiala branch includes these elements, identifying the bank and the branch location in Patiala and Punjab correctly.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0005123 of Axis Bank for its Leela Bhawan Patiala branch located in Patiala, 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 Patiala and Patiala, 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 Leela Bhawan Patiala or Patiala to find the exact IFSC Code UTIB0005123.
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 Patiala will provide accurate information.
How to Use IFSC Code UTIB0005123 for Online Transfers?
Once you have the IFSC Code UTIB0005123 for the Leela Bhawan Patiala branch of Axis Bank in Patiala, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0005123. 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 UTIB0005123.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Leela Bhawan Patiala in Patiala 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 Leela Bhawan Patiala, 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 Patiala manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0005123.
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 Axis Bank Ltd, Ground Floor, Khasra 4574 2746 104, Plot 1 2 Ram Bagh, Leela Bhawan Road Opposite Income Tax Office, Patiala Tehsil And District Patiala Punjab Pin 147001 located in Patiala, Patiala, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.