Lakshmi Vilas Bank Karur Karur Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Karur Karur Tamil Nadu

MICR Code: -NA-
Bank: Lakshmi Vilas Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Accounts Dept
Contact: 04324 -220051-60 Extn: 402,426
Bank Details: Lakshmi Vilas Bank Ltd Accounts Dept LAVB0000102
Location: Karur, Karur
City: Karur
District: Karur
State: Tamil Nadu
Pincode: 639006
Country: IN
Address: Administrative Office, No:2, Salem Main Road, Kathaparai, Karur 639006
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 Accounts Dept 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 Lakshmi Vilas Bank, Accounts Dept branch makes the system almost error free and faster. Use of Lakshmi Vilas Bank MICR codes for Accounts Dept branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Accounts Dept >>Chinthalavadi >>Gandhigramam Karur >>Jegadabi >>Karur Main >>Karur Ro >>Karur West >>M.Puthur >>Venkatakrishnapuram

MICR code for Lakshmi Vilas Bank Accounts Dept

Lakshmi Vilas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Lakshmi Vilas Bank MICR code for Accounts Dept 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 Lv Bank for Accounts Dept branch. MICR code for Accounts Dept 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 Lakshmi Vilas Bank Accounts Dept is presented in the table alongside.

Use of Lakshmi Vilas Bank MICR code for Accounts Dept branch in karur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Accounts Dept and Lakshmi Vilas 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 Lv Bank is typically in either of these two font’s: E-138 and CMC-7.