Lakshmi Vilas Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Coimbatore Coimbotore Tamil Nadu

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch R.S.Puram Coimbatore
Contact 0422 - 2543482
Bank Details Lakshmi Vilas Bank Ltd R.S.Puram Coimbatore LAVB0000190
Location Coimbatore, Coimbotore
City Coimbatore
District Coimbotore
State Tamil Nadu
Pincode 641002
Country IN
Address 121, thiruvenkatam road (west), r.s. Puram coimbatore-641002 tamilnadu
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 641056007 for R.S.Puram Coimbatore 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 641056007 of LV Bank, R.S.Puram Coimbatore branch makes the system almost error free and faster. Use of LV Bank MICR codes for R.S.Puram Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Lakshmi Vilas Bank R.S.Puram Coimbatore

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 R.S.Puram Coimbatore 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. 641056007 is the MICR code of Lakshmi Vilas Bank for R.S.Puram Coimbatore branch. MICR code for R.S.Puram Coimbatore 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 R.S.Puram Coimbatore is presented in the table alongside.

Use of LV Bank MICR code for R.S.Puram Coimbatore branch in coimbatore

The MICR code 641056007 is used in RBI cheque clearing process to identify the branch R.S.Puram Coimbatore 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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