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Lakshmi Vilas Bank Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Durg Durg Chhattisgarh

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Durg
Contact 0
Bank Details Lakshmi Vilas Bank Ltd Durg LAVB0000232
Location Durg, Durg
City Durg
District Durg
State Chhattisgarh
Pincode 491001
Country IN
Address No 1179 28 dhanraj compound station road durg chattisgarh 491001
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 durg

You can search through MICR Codes of Chhattisgarh branches in durg of District durg in Chhattisgarh 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 -

>>Durg

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

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

LV Bank MICR code in durg

Lakshmi Vilas Bank MICR code is a character recognition technology used by banks in the processing of cheques. LV Bank MICR code for durg 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 durg, 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 durg 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 durg 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 durg branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Lakshmi Vilas Bank MICR codes for durg branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!