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 Hamayunpur branch in Rupnagar, Sas Nagar(Mohali), 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 Rupnagar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0002247. 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, Hamayunpur, Rupnagar
Below in the table are the key details related to IFSC Code UTIB0002247 of Axis Bank for its branch located in Rupnagar, within the district of Sas Nagar(Mohali) in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002247 |
| Branch | Hamayunpur |
| City | Rupnagar |
| District | Sas Nagar(Mohali) |
| State | Punjab |
| Address | Grond Floor, Khewat/Khatauni No.129/196, Khasrano. 1751/835/1(1-0),Village Hamayunpur, Tehsil Derabassi,Dist Sas Nagar, Punjab, Pin 140501 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Axis Bank in Rupnagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002247 for the Hamayunpur branch of Axis Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Axis Bank located in Hamayunpur, Rupnagar, Punjab, is provided a unique IFSC like UTIB0002247 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Rupnagar.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Rupnagar and Sas Nagar(Mohali).
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Punjab and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Hamayunpur do not get misguided to another person.
Format of the IFSC Code UTIB0002247
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 Hamayunpur in Rupnagar.
For example, the IFSC Code UTIB0002247 of Axis Bank for the Hamayunpur branch includes these elements, identifying the bank and the branch location in Rupnagar and Punjab correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002247 of Axis Bank for its Hamayunpur branch located in Rupnagar, the following methods can help:
Cheque Book
The cheque books that are issued by Axis Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Axis Bank branches in Rupnagar and Sas Nagar(Mohali), print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Axis Bank and find the branch locator section. Search for Hamayunpur or Rupnagar to get the exact IFSC Code UTIB0002247.
Mobile Banking App
If you use Axis Bank's mobile app, you can easily 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 to help you in searching for Axis Bank and Rupnagar that will provide accurate information.
How to Use IFSC Code UTIB0002247 for Online Transfers?
Once you have the IFSC Code UTIB0002247 for the Hamayunpur branch of Axis Bank in Rupnagar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0002247. 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 UTIB0002247.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Hamayunpur in Rupnagar 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 Hamayunpur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Rupnagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Hamayunpur Rupnagar branch is UTIB0002247.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Grond Floor, Khewat/Khatauni No.129/196, Khasrano. 1751/835/1(1-0),Village Hamayunpur, Tehsil Derabassi,Dist Sas Nagar, Punjab, Pin 140501.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.