Home / Axis Bank / SECTOR SEVENTY ONE MOHALI
Ax

Axis Bank

SECTOR SEVENTY ONE MOHALI BRANCH

+919780010399

IFSC CODE
UTIB0005003
MICR Code 160211079
Branch Code 005003
City / District MOHALI
State PUNJAB
Office Address GROUND FLOOR SCF 48 AND 49, SECTOR 71, S A S NAGAR, MOHALI, DISTT S A S NAGAR, PUNJAB 160071
Phone +919780010399
📍 View Branch on Google Maps

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Understanding IFSC Code: The Digital DNA of Axis Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the SECTOR SEVENTY ONE MOHALI branch of Axis Bank, the code UTIB0005003 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the UTIB0005003 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"UTIB" represents Axis Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for SECTOR SEVENTY ONE MOHALI

Payment Systems Supported by UTIB0005003

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—160211079—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Axis Bank in MOHALI typically follows the RBI holiday calendar. Digital transfers via UTIB0005003 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While UTIB0005003 is the valid code for SECTOR SEVENTY ONE MOHALI at MOHALI, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

  • • Axis Bank Branch List
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Financial Tools

  • • GST Calculator Online
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  • • FD Interest Rates 2026
  • • Currency Converter

Branch Context

  • • SECTOR SEVENTY ONE MOHALI Contact
  • • Address of Axis Bank
  • • MICR Code Finder
  • • PUNJAB Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
  • • Webmaster Tools
  • • IFSC Finder v2.0

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