Use this page as a one-stop reference for everything related to Axis Bank's RAIKOT branch in RAIKOT, PUNJAB. The branch's IFSC code UTIB0001847 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Axis Bank – RAIKOT is UTIB0001847. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001847 map to this branch in RAIKOT, PUNJAB.
Bank profile
Axis Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Raikot branch — IFSC UTIB0001847 — extends the bank's services to customers in and around Raikot, Punjab.
About this branch
The branch is located at GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109. It serves the Raikot region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Axis Bank. The IFSC UTIB0001847 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Axis Bank |
|---|---|
| Branch | Raikot |
| IFSC Code | UTIB0001847 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109 |
| City | Raikot |
| District | Ludhiana |
| State | Punjab |
Why every Axis Bank branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including RAIKOT of Axis Bank — its own 11-character IFSC. The code UTIB0001847 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC UTIB0001847 the same way you would treat your account number — verify it once and save it carefully for future use.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Axis Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC UTIB0001847 and the account number together uniquely identify the Raikot branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC UTIB0001847
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UTIB0001847 across all three.
NEFT to Axis Bank, RAIKOT using IFSC UTIB0001847
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC UTIB0001847, and confirm that the system picks up Axis Bank – RAIKOT. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to RAIKOT
If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's RAIKOT branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0001847 while initiating the transfer and the credit will appear within minutes.
IMPS to Axis Bank RAIKOT (IFSC UTIB0001847)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0001847 in your mobile or internet banking app, and the money is credited to the RAIKOT branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC UTIB0001847 for Axis Bank – RAIKOT, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – UTIB0001847 | Yes – UTIB0001847 | Yes – UTIB0001847 |
For most retail customers crediting the Raikot branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Axis Bank's RAIKOT branch, the IFSC UTIB0001847 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Raikot branch
Once you have an account at Axis Bank – RAIKOT, the IFSC UTIB0001847 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Raikot branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC UTIB0001847
Digital banking channels
Most day-to-day work that customers used to do at the Raikot branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC UTIB0001847 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Reaching the branch
The Raikot branch sits at GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109. If you are travelling from outside Raikot, search for the branch on a maps application using the bank name and locality, or call the branch contact number to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC UTIB0001847 and your account number.
Common mistakes to avoid when using IFSC UTIB0001847
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Axis Bank – RAIKOT, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
UTIB0001847. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Working hours
Branch counters at Raikot are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UTIB0001847 continue to work without interruption.
Verifying IFSC UTIB0001847 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm UTIB0001847 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Branch address & contact
Axis BankRaikot Branch
GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109
Raikot, Punjab
Phone: the branch contact number
IFSC: UTIB0001847
Frequently asked questions
How do I add Axis Bank Raikot as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC UTIB0001847, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is Axis Bank Raikot branch located?
Axis Bank's Raikot branch is located at GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109, Raikot, Punjab.
Can I use IFSC UTIB0001847 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC UTIB0001847 to send funds instantly.
Is IFSC UTIB0001847 the same for all accounts at Raikot branch?
Yes. The IFSC UTIB0001847 is shared by every account held at Axis Bank's Raikot branch. Only the account number changes from customer to customer.
How quickly will an NEFT transfer using UTIB0001847 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Axis Bank – Raikot reflect within 30 minutes.
Is IFSC UTIB0001847 valid for NEFT and RTGS?
Yes. IFSC UTIB0001847 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Axis Bank Raikot branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on the branch contact number to confirm.
What is the phone number of Axis Bank Raikot branch?
You can reach the branch at the branch contact number during regular banking hours.
Summary
The IFSC code UTIB0001847 belongs to Axis Bank's RAIKOT branch, located at GROUND FLOOR, LUDHIANA ROAD, RAIKOT, DISTT. LUDHIANA, PUNJAB-141109 in RAIKOT, PUNJAB. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
