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Lakshmi Vilas Bank Nandyal Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Nandyal Kurnool Andhra Pradesh

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nandyal 25 509
Contact 08514 - 221249
Bank Details Lakshmi Vilas Bank Ltd Nandyal 25 509 LAVB0000503
Location Nandyal, Kurnool
City Nandyal
District Kurnool
State Andhra Pradesh
Pincode 518501
Country IN
Address 25/509, srinivasa nagar nandyal – 518 501 andhrapradesh
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.

Search Lakshmi Vilas Bank MICR Codes in kurnool

You can search through MICR Codes of Andhra Pradesh branches in nandyal of District kurnool in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Nandyal 25 509

How to find MICR codes for Lakshmi Vilas Bank in nandyal?

Lakshmi Vilas Bank nandyal MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From LV Bank MICR codes list for nandyal, one can further search by branch name specified in the table. You can find MICR codes for all Lakshmi Vilas Bank nandyal branches.

LV Bank MICR code in nandyal

Lakshmi Vilas Bank MICR code is a character recognition technology used by banks in the processing of cheques. LV Bank MICR code for nandyal branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Lakshmi Vilas Bank branches in nandyal, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Lakshmi Vilas Bank MICR code for nandyal branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Lakshmi Vilas Bank nandyal branch, sprinted 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. Thus MICR code for LV Bank nandyal branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Lakshmi Vilas Bank MICR codes for nandyal branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!