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Lakshmi Vilas Bank Bhilwara Bhilwara Rajasthan MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Bhilwara Bhilwara Rajasthan

Bank
State
District
City
Branch
Address

MICR Code	311056002
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	Bhilwara
Contact	01482-237890
Bank Details	Lakshmi Vilas Bank Ltd Bhilwara LAVB0000159

Location	Bhilwara, Bhilwara
City	Bhilwara
District	Bhilwara
State	Rajasthan
Pincode	311001
Country	IN
Address	Shop no3 & 4, bhandari plaza, opp.nagarparishad, bhilwara-311001rajasthan state.

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 311056002 for Bhilwara 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 311056002 of LV Bank, Bhilwara branch makes the system almost error free and faster. Use of LV Bank MICR codes for Bhilwara 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 -

>>Bhilwara

MICR code for Lakshmi Vilas Bank Bhilwara

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 Bhilwara 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. 311056002 is the MICR code of Lakshmi Vilas Bank for Bhilwara branch. MICR code for Bhilwara 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 Bhilwara is presented in the table alongside.

Use of LV Bank MICR code for Bhilwara branch in bhilwara

The MICR code 311056002 is used in RBI cheque clearing process to identify the branch Bhilwara 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.