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Lakshmi Vilas Bank Khammam Khammam Telangana MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Khammam Khammam Telangana

Bank
State
District
City
Branch
Address

MICR Code	507056003
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	Mallemadugu
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Mallemadugu LAVB0000414

Location	Khammam, Khammam
City	Khammam
District	Khammam
State	Telangana
Pincode	507003
Country	IN
Address	No 1 298 ramannapeta mallemadugu khammam telangana 507003

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 507056003 for Mallemadugu 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 507056003 of LV Bank, Mallemadugu branch makes the system almost error free and faster. Use of LV Bank MICR codes for Mallemadugu 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 -

>>Mallemadugu

MICR code for Lakshmi Vilas Bank Mallemadugu

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 Mallemadugu 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. 507056003 is the MICR code of Lakshmi Vilas Bank for Mallemadugu branch. MICR code for Mallemadugu 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 Mallemadugu is presented in the table alongside.

Use of LV Bank MICR code for Mallemadugu branch in khammam

The MICR code 507056003 is used in RBI cheque clearing process to identify the branch Mallemadugu 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.