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Lakshmi Vilas Bank Karur Karur Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Karur Karur Tamil Nadu

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karur Main
Contact 04324 - 260021
Bank Details Lakshmi Vilas Bank Ltd Karur Main LAVB0000362
Location Karur, Karur
City Karur
District Karur
State Tamil Nadu
Pincode 639001
Country IN
Address 693, jawahar bazaar p.b.no. 36 karur - 639 001 tamil nadu
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 Karur 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 0 of LV Bank, Karur Main branch makes the system almost error free and faster. Use of LV Bank MICR codes for Karur Main branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Accounts Dept >>Chinthalavadi >>Commercial Banking Branch Karur >>Gandhigramam Karur >>Jegadabi >>Karur Main >>Karur Ro >>Karur West >>M.Puthur >>Venkatakrishnapuram

MICR code for Lakshmi Vilas Bank Karur 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 Karur 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. 0 is the MICR code of Lakshmi Vilas Bank for Karur Main branch. MICR code for Karur 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 Karur Main is presented in the table alongside.

Use of LV Bank MICR code for Karur Main branch in karur

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