UTIB0001518 IFSC Code, AXIS BANK, SECTOR 16, CHANDIGARH

IFSC Code of Axis Bank, Sector 16, Chandigarh, Chandigarh IFSC CODE & MICR CODE

AXIS BANK, SECTOR 16, CHANDIGARH - UTIB0001518

  • Bank name: AXIS BANK

Bank Address: Axis Bank Ltd, Sco No. 1, Sector - 16 D, Chandigarh - 160015.

  • IFSC Code utib0001518
  • Bank Code UTIB
  • Bank name AXIS BANK
  • Bank contact number
  • Bank branch SECTOR 16, CHANDIGARH
  • Bank ISO3166 Code IN-CH
  • Bank Center CHANDIGARH
  • MICR Code 160211014
  • State name CHANDIGARH
  • District name CHANDIGARH
  • City name CHANDIGARH
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for AXIS BANK, SECTOR 16, CHANDIGARH branch is UTIB0001518, ensures that your transactions are directed to the correct branch.

How to Use UTIB0001518 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the SECTOR 16, CHANDIGARH branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.