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Lakshmi Vilas Bank Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Delhi New Delhi New Delhi

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Krishnanagar
Contact Krishnanagar@lvbank.In , Krishnanagar_Bm@lvbank.In
Bank Details Lakshmi Vilas Bank Ltd Krishnanagar LAVB0000383
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110051
Country IN
Address F-3/21, krishnanagar, opp. Punjab national bank, new delhi east - 110051
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 110056008 for Krishnanagar 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 110056008 of LV Bank, Krishnanagar branch makes the system almost error free and faster. Use of LV Bank MICR codes for Krishnanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Ashok Vihar >>Janpath New Delhi >>Karolbagh New Delhi >>Krishnanagar >>Rohini

MICR code for Lakshmi Vilas Bank Krishnanagar

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 Krishnanagar 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. 110056008 is the MICR code of Lakshmi Vilas Bank for Krishnanagar branch. MICR code for Krishnanagar 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 Krishnanagar is presented in the table alongside.

Use of LV Bank MICR code for Krishnanagar branch in delhi

The MICR code 110056008 is used in RBI cheque clearing process to identify the branch Krishnanagar 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.