IFSC Code of Axis Bank, Salemgarh, Sangrur, Punjab- UTIB0002296

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Axis Bank for its Salemgarh branch in Sangrur, Sangrur, Punjab, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Axis Bank located in Sangrur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UTIB0002296. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Axis Bank, Salemgarh, Sangrur

Here are some of the key details that come with the IFSC Code UTIB0002296 of Axis Bank for its branch located in Sangrur, within the district of Sangrur 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 Sangrur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UTIB0002296 for the Salemgarh branch of Axis Bank is vital.

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 Salemgarh, Sangrur, Punjab, is provided a unique IFSC like UTIB0002296 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 Salemgarh do not get misguided to another person.

Format of the IFSC Code UTIB0002296

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 Salemgarh in Sangrur.

For example, the IFSC Code UTIB0002296 of Axis Bank for the Salemgarh branch has these elements, identifying the bank and the branch location in Sangrur and Punjab correctly.

How to Find IFSC Code for Axis Bank?

If you are looking for the IFSC Code UTIB0002296 of Axis Bank for its Salemgarh branch located in Sangrur, the following methods can help:

Cheque Book

The cheque book that is issued by Axis Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Axis Bank branches in Sangrur and Sangrur, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Axis Bank and look for the branch locator section, then search for Salemgarh or Sangrur to get the exact IFSC Code UTIB0002296.

Mobile Banking App

If you use Axis Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Axis Bank and Sangrur, then it will provide you proper information.

How to Use IFSC Code UTIB0002296 for Online Transfers?

Once you have the IFSC Code UTIB0002296 for the Salemgarh branch of Axis Bank in Sangrur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0002296. 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 UTIB0002296.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Axis Bank Salemgarh in Sangrur 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 Salemgarh, 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 Sangrur manage online transfers as well as cheque clearances with ease.