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 Gaushala Road branch in Sangrur, Sangrur, Chandigarh, 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 Sangrur or anywhere in Chandigarh can transfer funds instantly by using the correct IFSC Code UTIB0004278. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Axis Bank, Gaushala Road, Sangrur
The table below shows the main details of the IFSC Code UTIB0004278 for the Axis Bank branch in Sangrur, which falls under the Sangrur district in Chandigarh.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0004278 |
| Branch | Gaushala Road |
| City | Sangrur |
| District | Sangrur |
| State | Chandigarh |
| Address | Ground Floor Main Gaushala Road Opposite Anaj Mandi, Sangrur 148001 |
These details helps users in online banking and for businesses and individuals who use Axis Bank in Sangrur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0004278 for the Gaushala Road branch of Axis Bank plays a vital 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 Gaushala Road, Sangrur, Chandigarh, is provided a unique IFSC like UTIB0004278 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Axis Bank branch in Sangrur.
- 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 Sangrur and Sangrur.
- 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 Chandigarh and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Gaushala Road do not get misguided to another person.
Format of the IFSC Code UTIB0004278
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 Gaushala Road in Sangrur.
For example, the IFSC Code UTIB0004278 of Axis Bank for the Gaushala Road branch includes these elements, identifying the bank and the branch location in Sangrur and Chandigarh correctly.
How to Find IFSC Code for Axis Bank?
If you are trying to find the IFSC Code UTIB0004278 of Axis Bank for its Gaushala Road branch located in Sangrur, 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 Sangrur and Sangrur, 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 Gaushala Road or Sangrur to get the exact IFSC Code UTIB0004278.
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 Sangrur that will provide accurate information.
How to Use IFSC Code UTIB0004278 for Online Transfers?
Once you have the IFSC Code UTIB0004278 for the Gaushala Road branch of Axis Bank in Sangrur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UTIB0004278. 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 UTIB0004278.
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 Gaushala Road in Sangrur, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Axis Bank in Gaushala Road, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Sangrur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UTIB0004278.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Ground Floor Main Gaushala Road Opposite Anaj Mandi, Sangrur 148001 located in Sangrur, Sangrur, Chandigarh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.