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 Subhash Marg Lucknow
Contact 522-9559059786
Bank Details Axis Bank Subhash Marg Lucknow UTIB0004988
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226003
Country IN
Address Upper ground floor and first floor, 215 86a and b, plot no- 03, subhash marg, lucknow 226003 uttarpradesh
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 Subhash Marg 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, Subhash Marg Lucknow branch makes the system almost error free and faster. Use of Axis Bank MICR codes for Subhash Marg Lucknow branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Axis Bank Subhash Marg 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 Subhash Marg 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 Subhash Marg Lucknow branch. MICR code for Subhash Marg 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 Subhash Marg Lucknow is presented in the table alongside.

Use of Axis Bank MICR code for Subhash Marg Lucknow branch in lucknow

The MICR code 0 is used in RBI cheque clearing process to identify the branch Subhash Marg 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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