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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Axis Bank for its Patti Khalil branch in Sangrur, Sangrur, Punjab, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Axis Bank located in Sangrur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0002374. 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, Patti Khalil, Sangrur
The table below shows the main details of the IFSC Code UTIB0002374 for the Axis Bank branch in Sangrur, which falls under the Sangrur district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Axis Bank |
| IFSC Code | UTIB0002374 |
| Branch | Patti Khalil |
| City | Sangrur |
| District | Sangrur |
| State | Punjab |
| Address | Ground Floor, Vill Patti Khalil, Tehsil Sherpur, Dist Sangrur, Punjab, Pin 148025 |
These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Sangrur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002374 for the Patti Khalil branch of Axis Bank plays 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 Patti Khalil, Sangrur, Punjab, is provided a unique IFSC like UTIB0002374 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 Punjab and the rest of India, the IFSC Code ensures that transactions meant for Axis Bank in Patti Khalil do not get misguided to another person.
Format of the IFSC Code UTIB0002374
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 Patti Khalil in Sangrur.
For example, the IFSC Code UTIB0002374 of Axis Bank for the Patti Khalil branch includes these elements, identifying the bank and the branch location in Sangrur and Punjab accurately.
How to Find IFSC Code for Axis Bank?
To find the IFSC Code UTIB0002374 of Axis Bank for its Patti Khalil branch located in Sangrur, 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 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 go to the branch locator section. Then search for Patti Khalil or Sangrur to find the exact IFSC Code UTIB0002374.
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 Sangrur will provide accurate information.
How to Use IFSC Code UTIB0002374 for Online Transfers?
Once you have the IFSC Code UTIB0002374 for the Patti Khalil branch of Axis Bank in Sangrur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code UTIB0002374. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 UTIB0002374.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Axis Bank Patti Khalil in Sangrur, 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 Patti Khalil, 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 Sangrur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Patti Khalil Sangrur branch is UTIB0002374.
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, Vill Patti Khalil, Tehsil Sherpur, Dist Sangrur, Punjab, Pin 148025.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.