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Lakshmi Vilas Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500056001
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	Hyderabad Service Branch
Contact	040 - 23243874
Bank Details	Lakshmi Vilas Bank Ltd Hyderabad Service Branch LAVB0000424

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500004
Country	IN
Address	Flatno. 2a, ii floor samrat complex saifabad - 500 004 hyderabadandhra pradesh

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 500056001 for Hyderabad Service Branch 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 500056001 of LV Bank, Hyderabad Service Branch branch makes the system almost error free and faster. Use of LV Bank MICR codes for Hyderabad Service Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Hyderabad Main >>Hyderabad Service Branch >>Secunderabad Hyderabad >>Signature Branch Ameerpet

MICR code for Lakshmi Vilas Bank Hyderabad Service Branch

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 Hyderabad Service Branch 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. 500056001 is the MICR code of Lakshmi Vilas Bank for Hyderabad Service Branch branch. MICR code for Hyderabad Service Branch 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 Hyderabad Service Branch is presented in the table alongside.

Use of LV Bank MICR code for Hyderabad Service Branch branch in hyderabad

The MICR code 500056001 is used in RBI cheque clearing process to identify the branch Hyderabad Service Branch 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.