Let Others Know
×
LinkedIn
Email
WhatsApp

Lakshmi Vilas Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Bangalore Bangalore Urban Karnataka

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jayanagar Bangalore
Contact 080 - 26645152
Bank Details Lakshmi Vilas Bank Ltd Jayanagar Bangalore LAVB0000163
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560011
Country IN
Address 460/2, 8th b main road, ptk complex ivth block, jayanagar bangalore-560 011 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 560056005 for Jayanagar Bangalore 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 560056005 of LV Bank, Jayanagar Bangalore branch makes the system almost error free and faster. Use of LV Bank MICR codes for Jayanagar Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Lakshmi Vilas Bank Jayanagar Bangalore

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 Jayanagar Bangalore 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. 560056005 is the MICR code of Lakshmi Vilas Bank for Jayanagar Bangalore branch. MICR code for Jayanagar Bangalore 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 Jayanagar Bangalore is presented in the table alongside.

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

The MICR code 560056005 is used in RBI cheque clearing process to identify the branch Jayanagar Bangalore 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.