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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.

Search Lakshmi Vilas Bank MICR Codes in anand

You can search through MICR Codes of Gujarat branches in anand of District anand in Gujarat State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Anand

How to find MICR codes for Lakshmi Vilas Bank in anand?

Lakshmi Vilas Bank anand MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From LV Bank MICR codes list for anand, one can further search by branch name specified in the table. You can find MICR codes for all Lakshmi Vilas Bank anand branches.

LV Bank MICR code in anand

Lakshmi Vilas Bank MICR code is a character recognition technology used by banks in the processing of cheques. LV Bank MICR code for anand branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Lakshmi Vilas Bank branches in anand, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Lakshmi Vilas Bank MICR code for anand branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Lakshmi Vilas Bank anand branch, sprinted 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. Thus MICR code for LV Bank anand branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Lakshmi Vilas Bank MICR codes for anand branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!