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Lakshmi Vilas Bank Secunderabad Secunderabad Telangana MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Secunderabad Secunderabad Telangana

Bank
State
District
City
Branch
Address

MICR Code	500056019
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	Alwal
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Alwal LAVB0000139

Location	Secunderabad, Secunderabad
City	Secunderabad
District	Secunderabad
State	Telangana
Pincode	500010
Country	IN
Address	No 1 56 plot no 25 loyola college road old alwal secunderabad telangana 500010

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 500056019 for Alwal 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 500056019 of LV Bank, Alwal branch makes the system almost error free and faster. Use of LV Bank MICR codes for Alwal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Alwal >>Ponnal

MICR code for Lakshmi Vilas Bank Alwal

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 Alwal 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. 500056019 is the MICR code of Lakshmi Vilas Bank for Alwal branch. MICR code for Alwal 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 Alwal is presented in the table alongside.

Use of LV Bank MICR code for Alwal branch in secunderabad

The MICR code 500056019 is used in RBI cheque clearing process to identify the branch Alwal 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.