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Lakshmi Vilas Bank Mysuru Mysuru Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Mysuru Mysuru Karnataka

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Vijayanagar
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Vijayanagar LAVB0000421

Location	Mysuru, Mysuru
City	Mysuru
District	Mysuru
State	Karnataka
Pincode	570017
Country	IN
Address	No 837 general thimmaiah road near yoganarashimhaswamy temple vijayanagar mysuru 570017

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

>>Vijayanagar

MICR code for Lakshmi Vilas Bank Vijayanagar

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

Use of LV Bank MICR code for Vijayanagar branch in mysuru

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