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Lakshmi Vilas Bank Cuddalore Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Cuddalore Cuddalore Tamil Nadu

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cuddalore
Contact 04142 - 235943
Bank Details Lakshmi Vilas Bank Ltd Cuddalore LAVB0000202
Location Cuddalore, Cuddalore
City Cuddalore
District Cuddalore
State Tamil Nadu
Pincode 607002
Country IN
Address 23, veda vinayagar complex lawrence road, 1st floor cuddalore-607 002 tamil nadu
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 Cuddalore 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, Cuddalore branch makes the system almost error free and faster. Use of LV Bank MICR codes for Cuddalore 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 -

>>Cuddalore >>Kattugudalur

MICR code for Lakshmi Vilas Bank Cuddalore

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

Use of LV Bank MICR code for Cuddalore branch in cuddalore

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