IFSC Code of Axis Bank, Papri, Sas Nagar(Mohali), Punjab- UTIB0002386

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 Papri 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 UTIB0002386. 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, Papri, Rupnagar

Here are some of the key details that come with the IFSC Code UTIB0002386 of Axis Bank for its branch located in Rupnagar, within the district of Sas Nagar(Mohali) in the state of Punjab.

These details are important not only for users using online banking but also for businesses and individuals who use Axis Bank in Rupnagar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0002386 for the Papri branch of Axis Bank is vital.

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 Papri, Rupnagar, Punjab, are given a unique IFSC like UTIB0002386 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 Sas Nagar(Mohali).
• 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 Papri 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 UTIB0002386

The format of the IFSC Code for banks, including Axis Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In Axis Bank, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Papri in Rupnagar.

For example, the IFSC Code UTIB0002386 of Axis Bank for the Papri branch has these elements, identifying the bank and the branch location in Rupnagar and Punjab correctly.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0002386 of Axis Bank for its Papri branch located in Rupnagar, 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 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 go to the branch locator section. Then search for Papri or Rupnagar to find the exact IFSC Code UTIB0002386.

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 Rupnagar will provide accurate information.

How to Use IFSC Code UTIB0002386 for Online Transfers?

If you have the IFSC Code UTIB0002386 for the Papri branch of Axis Bank in Rupnagar, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0002386. 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 UTIB0002386.

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 Papri in Rupnagar, it 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 Papri, 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 Rupnagar to handle online money transfers and get their cheques cleared smoothly.