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Lakshmi Vilas Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Bangalore Bangalore Urban Karnataka

Bank
State
District
City
Branch
Address

MICR Code	560056002
Bank	Lakshmi Vilas Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangalore Main
Contact	080 - 22283703
Bank Details	Lakshmi Vilas Bank Ltd Bangalore Main LAVB0000161

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560009
Country	IN
Address	19-b, 1st floor p.b.no. 9568 bvk iyengar road near abhinay theatre bangalore - 560 009 karnataka

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 560056002 for Bangalore Main 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 560056002 of LV Bank, Bangalore Main branch makes the system almost error free and faster. Use of LV Bank MICR codes for Bangalore Main branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Bangalore Do >>Bangalore Main >>Bangalore Service >>Cantonment Bangalore >>City Market Bangalore >>City Market Extension Counter >>Jalahalli Bangalore >>Jayanagar Bangalore >>Koramangala Bangalore >>Thippasandra >>Ulsoor Bangalore

MICR code for Lakshmi Vilas Bank Bangalore Main

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 Bangalore Main 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. 560056002 is the MICR code of Lakshmi Vilas Bank for Bangalore Main branch. MICR code for Bangalore Main 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 Bangalore Main is presented in the table alongside.

Use of LV Bank MICR code for Bangalore Main branch in bangalore

The MICR code 560056002 is used in RBI cheque clearing process to identify the branch Bangalore Main 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.