Axis Bank Lucknow Lucknow Uttar Pradesh MICR CODE

Find MICR Codes for Axis Bank Lucknow Lucknow Uttar Pradesh

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MICR Code
Bank Axis Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Felix Square Lucknow
Contact
Bank Details Axis Bank Felix Square Lucknow UTIB0004481
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226030
Country IN
Address Ground floor, shop no 005,ibb 2,tower no11,felix square, sushant golf city, lucknow 226030 uttar pradesh
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Felix Square Lucknow branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Axis Bank, Felix Square Lucknow branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Felix Square Lucknow branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Felix Square Lucknow

Axis Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Axis Bank MICR code for Felix Square Lucknow is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Axis Bank for Felix Square Lucknow branch. MICR code for Felix Square Lucknow branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Axis Bank Felix Square Lucknow is presented in the table alongside.

Use of Axis Bank MICR code for Felix Square Lucknow branch in lucknow

The MICR code 0 is used in RBI cheque clearing process to identify the branch Felix Square Lucknow and Axis Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Axis Bank is typically in either of these two font’s: E-138 and CMC-7.

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