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Lakshmi Vilas Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ed Office Gurgaon
Contact 0124-4820907
Bank Details Lakshmi Vilas Bank Ltd Ed Office Gurgaon LAVB0000896
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122009
Country IN
Address 217, 2nd floor, time tower, mg road, gurgaon, haryana 122009
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 Ed Office Gurgaon 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, Ed Office Gurgaon branch makes the system almost error free and faster. Use of LV Bank MICR codes for Ed Office Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Ed Office Gurgaon >>Gurgaon

MICR code for Lakshmi Vilas Bank Ed Office Gurgaon

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 Ed Office Gurgaon 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 Ed Office Gurgaon branch. MICR code for Ed Office Gurgaon 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 Ed Office Gurgaon is presented in the table alongside.

Use of LV Bank MICR code for Ed Office Gurgaon branch in gurgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ed Office Gurgaon 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.