Let Others Know

Lakshmi Vilas Bank Salur Vizianagaram Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Salur Vizianagaram Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	535056202
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	Salur
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Salur LAVB0000703

Location	Salur, Vizianagaram
City	Salur
District	Vizianagaram
State	Andhra Pradesh
Pincode	535591
Country	IN
Address	D no 28-6-338,389 main road

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 535056202 for Salur 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 535056202 of LV Bank, Salur branch makes the system almost error free and faster. Use of LV Bank MICR codes for Salur 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 -

>>Salur

MICR code for Lakshmi Vilas Bank Salur

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 Salur 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. 535056202 is the MICR code of Lakshmi Vilas Bank for Salur branch. MICR code for Salur 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 Salur is presented in the table alongside.

Use of LV Bank MICR code for Salur branch in salur

The MICR code 535056202 is used in RBI cheque clearing process to identify the branch Salur 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.