Lakshmi Vilas Bank New Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Lakshmi Vilas Bank New Delhi Delhi New Delhi

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MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kalkaji
Contact
Bank Details Lakshmi Vilas Bank Ltd Kalkaji LAVB0000397
Location New Delhi, Delhi
City New Delhi
District Delhi
State New Delhi
Pincode 111019
Country IN
Address L-11,kalkaji, new delhi
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 Kalkaji 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, Kalkaji branch makes the system almost error free and faster. Use of LV Bank MICR codes for Kalkaji 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 -

>>Commercial Banking Branch Delhi >>Kalkaji

MICR code for Lakshmi Vilas Bank Kalkaji

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

Use of LV Bank MICR code for Kalkaji branch in new delhi

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

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