IFSC Code of Axis Bank, Grain Market Rajpura Branch, Punjab

Use this page as a one-stop reference for everything related to Axis Bank's GRAIN MARKET RAJPURA branch in RAJPURA, PUNJAB. The branch's IFSC code UTIB0004117 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Axis Bank's GRAIN MARKET RAJPURA branch, the IFSC UTIB0004117 breaks down as follows: UTIB identifies the bank, 0 is the reserved character, and 004117 identifies this particular branch.

Branch details at a glance

About the bank

Axis Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Grain Market Rajpura branch in Rajpura, Punjab is part of this network and uses the IFSC code UTIB0004117 for all electronic settlement.

Grain Market Rajpura branch overview

Located at GROUND FLOOR KHATA NO 170 RAJPURA 140401, the Grain Market Rajpura branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0004117 is required for all interbank electronic transfers routed through this branch.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Axis Bank's GRAIN MARKET RAJPURA branch came to be assigned the code UTIB0004117.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC UTIB0004117, money simply cannot be routed to the GRAIN MARKET RAJPURA branch electronically.

How to transfer money using IFSC UTIB0004117

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 UTIB0004117 across all three.

NEFT to Axis Bank, GRAIN MARKET RAJPURA using IFSC UTIB0004117

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 UTIB0004117, and confirm that the system picks up Axis Bank – GRAIN MARKET RAJPURA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to GRAIN MARKET RAJPURA

If you need to transfer ₹2 lakh or more in one go to an account at Axis Bank's GRAIN MARKET RAJPURA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC UTIB0004117 while initiating the transfer and the credit will appear within minutes.

IMPS to Axis Bank GRAIN MARKET RAJPURA (IFSC UTIB0004117)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0004117 in your mobile or internet banking app, and the money is credited to the GRAIN MARKET RAJPURA branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Grain Market Rajpura

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC UTIB0004117:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at GRAIN MARKET RAJPURA is still linked to IFSC UTIB0004117.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

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 GRAIN MARKET RAJPURA branch, the IFSC UTIB0004117 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.

Products and account variants supported

Every account opened at the Grain Market Rajpura branch is mapped to IFSC UTIB0004117 on the RBI payments network. The branch generally supports the full retail product catalogue of Axis Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains UTIB0004117.

Products and services

Customers walking into the Grain Market Rajpura branch can access most of Axis Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC UTIB0004117

MICR & cheque-truncation details

Cheques drawn on the Grain Market Rajpura branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC UTIB0004117 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC UTIB0004117

Axis Bank customers can register for net banking and the bank's official mobile app once their account at the GRAIN MARKET RAJPURA branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC UTIB0004117 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Axis Bank – GRAIN MARKET RAJPURA:

• The IFSC is exactly UTIB0004117 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Axis Bank as the bank name and GRAIN MARKET RAJPURA as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Reaching the branch

The Grain Market Rajpura branch sits at GROUND FLOOR KHATA NO 170 RAJPURA 140401. If you are travelling from outside Rajpura, search for the branch on a maps application using the bank name and locality, or call 176-2500013 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 UTIB0004117 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC UTIB0004117 for Axis Bank – GRAIN MARKET RAJPURA, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Grain Market Rajpura branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC UTIB0004117, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: UTIB0004117 is the IFSC code of Axis Bank, GRAIN MARKET RAJPURA branch, in RAJPURA, PUNJAB. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.