IFSC Code of Axis Bank, Kharar, Mohali, Punjab- UTIB0002804

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Axis Bank for its Kharar branch in Sas Nagar, Mohali, Punjab, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Axis Bank situated in Sas Nagar or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code UTIB0002804. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Axis Bank, Kharar, Sas Nagar

Here are the main details that are associated with the IFSC Code UTIB0002804 of Axis Bank for its branch located in Sas Nagar, within the district of Mohali in the state of Punjab.

These details are essential not only for online banking users but also for businesses and individuals who use Axis Bank in Sas Nagar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UTIB0002804 for the Kharar 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 Kharar, Sas Nagar, Punjab, is provided a unique IFSC like UTIB0002804 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Axis Bank branch in Sas Nagar.
• 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 Sas Nagar and Mohali.
• 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 Kharar do not get misguided to another person.

Format of the IFSC Code UTIB0002804

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 Kharar in Sas Nagar.

For example, the IFSC Code UTIB0002804 of Axis Bank for the Kharar branch includes these elements, identifying the bank and the branch location in Sas Nagar and Punjab correctly.

How to Find IFSC Code for Axis Bank?

To find the IFSC Code UTIB0002804 of Axis Bank for its Kharar branch located in Sas Nagar, 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 Sas Nagar and 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 Kharar or Sas Nagar to find the exact IFSC Code UTIB0002804.

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 Sas Nagar will provide accurate information.

How to Use IFSC Code UTIB0002804 for Online Transfers?

Once you have the IFSC Code UTIB0002804 for the Kharar branch of Axis Bank in Sas Nagar, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UTIB0002804. 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 UTIB0002804.

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