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Lakshmi Vilas Bank Meikalpatti Tanjore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Meikalpatti Tanjore Tamil Nadu

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Meikalpatti
Contact Meikalpatti_Bm@lvbank.In meikalpatti@lvbank.In
Bank Details Lakshmi Vilas Bank Ltd Meikalpatti LAVB0000469
Location Meikalpatti, Tanjore
City Meikalpatti
District Tanjore
State Tamil Nadu
Pincode 613001
Country IN
Address Meikalpatti
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 Meikalpatti 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, Meikalpatti branch makes the system almost error free and faster. Use of LV Bank MICR codes for Meikalpatti 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 -

>>Meikalpatti

MICR code for Lakshmi Vilas Bank Meikalpatti

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

Use of LV Bank MICR code for Meikalpatti branch in meikalpatti

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