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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 Rohini
Contact 011-27054898
Bank Details Lakshmi Vilas Bank Ltd Rohini LAVB0000609
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110085
Country IN
Address E 1/5, sector 7,rohini, new delhi-110 085
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 110056006 for Rohini 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 110056006 of LV Bank, Rohini branch makes the system almost error free and faster. Use of LV Bank MICR codes for Rohini 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 Rohini

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 Rohini 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. 110056006 is the MICR code of Lakshmi Vilas Bank for Rohini branch. MICR code for Rohini 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 Rohini is presented in the table alongside.

Use of LV Bank MICR code for Rohini branch in delhi

The MICR code 110056006 is used in RBI cheque clearing process to identify the branch Rohini 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.