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Lakshmi Vilas Bank Anand Anand Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Anand Anand Gujarat

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anand
Contact 02692 - 244239
Bank Details Lakshmi Vilas Bank Ltd Anand LAVB0000115
Location Anand, Anand
City Anand
District Anand
State Gujarat
Pincode 388001
Country IN
Address Kapasia bazaar p.b.no. 155 near ashok sthumbh anand - 388 001 kheda dt., gujarat
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 Anand 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 LV Bank, Anand branch makes the system almost error free and faster. Use of LV Bank MICR codes for Anand 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 -

>>Anand

MICR code for Lakshmi Vilas Bank Anand

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

Use of LV Bank MICR code for Anand branch in anand

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