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Lakshmi Vilas Bank Karur Karur Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Karur Karur Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Karur Ro
Contact	Krrro_Planning@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Karur Ro LAVB0000887

Location	Karur, Karur
City	Karur
District	Karur
State	Tamil Nadu
Pincode	639006
Country	IN
Address	Salem main road, kathaparai, karur - 639006

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 Ro 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 Ro branch makes the system almost error free and faster. Use of LV Bank MICR codes for Karur Ro 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 Ro

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 Ro 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 Ro branch. MICR code for Karur Ro 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 Ro is presented in the table alongside.

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

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