IFSC Code, MICR Codes for AXIS BANK in PUNJAB - MOHALI - MOHALI - BALLO MAJRA

AXIS BANK RTGS HO Branch in MOHALI - Address, IFSC, MICR Code


IFSC Code

UTIB0001676

MICR Code

160211020

Branch

BALLO MAJRA

Contact

0

Address

GROUND FLOOR MAIN ROAD NEAR GURUDWARA DISTT MOHALI PUNJAB VILLAGE - BALLO MAJRA - 140130

City

MOHALI

District

MOHALI

State

PUNJAB





What is IFSC Code of AXIS BANK situated at BALLO MAJRA- RTGS-HO?
IFSC Code of AXIS BANK situated at BALLO MAJRA - RTGS-HO is

UTIB0001676

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.