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Lakshmi Vilas Bank Basavangudi Bangalore Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Basavangudi Bangalore Karnataka

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	Basavangudi
Contact	Basavangudi@lvbank.In basavangudi_Bm@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Basavangudi LAVB0000155

Location	Basavangudi, Bangalore
City	Basavangudi
District	Bangalore
State	Karnataka
Pincode	560004
Country	IN
Address	R s r building, no 70,gandhi bazaar main road, basavangudi, bangalore-560004

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

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

>>Basavangudi

MICR code for Lakshmi Vilas Bank Basavangudi

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 Basavangudi 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 Basavangudi branch. MICR code for Basavangudi 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 Basavangudi is presented in the table alongside.

Use of LV Bank MICR code for Basavangudi branch in basavangudi

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