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 Majat branch in Rupnagar, Kharar, 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 UTIB0002167. 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, Majat, Rupnagar
Below in the table are the key details related to IFSC Code UTIB0002167 of Axis Bank for its branch located in Rupnagar, within the district of Kharar in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002167 |
| Branch | Majat |
| City | Rupnagar |
| District | Kharar |
| State | Punjab |
| Address | Ground Floor ,Khasra No. 188/10, Po- Majatri, Tehsil Kharar , Distt Mohali,Majat, Pin -140307 |
These details help users in online banking and for businesses and individuals who use Axis Bank in Rupnagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002167 for the Majat branch of Axis Bank has a very 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 Majat, Rupnagar, Punjab, are given a unique IFSC like UTIB0002167 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Rupnagar.
- 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 Rupnagar and Kharar.
- 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 Majat 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 UTIB0002167
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 Majat in Rupnagar.
For example, the IFSC Code UTIB0002167 of Axis Bank for the Majat branch includes these elements, identifying the bank and the branch location in Rupnagar and Punjab accurately.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0002167 of Axis Bank for its Majat branch located in Rupnagar, 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
You can easily find the IFSC and MICR codes because most banks, including Axis Bank branches in Rupnagar and Kharar, print them 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 Majat or Rupnagar to get the exact IFSC Code UTIB0002167.
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 Rupnagar, you'll get the correct details.
How to Use IFSC Code UTIB0002167 for Online Transfers?
Once you have the IFSC Code UTIB0002167 for the Majat branch of Axis Bank in Rupnagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0002167. The transfer is completed in batches instead of instantly. It is useful for both 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 UTIB0002167.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Majat in Rupnagar, your payment can get delayed or might not go through at all.
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 Majat, 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 Rupnagar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Majat Rupnagar branch is UTIB0002167.
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 Ground Floor ,Khasra No. 188/10, Po- Majatri, Tehsil Kharar , Distt Mohali,Majat, Pin -140307.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
