Lakshmi Vilas Bank Ambur Vellore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Ambur Vellore Tamil Nadu

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: Lakshmi Vilas Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ambur
Contact: 04174 - 242126
Bank Details: Lakshmi Vilas Bank Ltd Ambur LAVB0000104
Location: Ambur, Vellore
City: Ambur
District: Vellore
State: Tamil Nadu
Pincode: 635802
Country: IN
Address: No.87, Broad Bazaarp. B.No.35 Ambur - 635802 Vellore Dt. Tamil Nadu
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 Ambur 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, Ambur branch makes the system almost error free and faster. Use of Lakshmi Vilas Bank MICR codes for Ambur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Ambur

MICR code for Lakshmi Vilas Bank Ambur

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 Ambur 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 Ambur branch. MICR code for Ambur 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 Ambur is presented in the table alongside.

Use of Lakshmi Vilas Bank MICR code for Ambur branch in ambur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ambur 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.

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