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Lakshmi Vilas Bank Ahmadabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Ahmadabad Ahmedabad Gujarat

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ahmadabad
Contact 079 - 26430787
Bank Details Lakshmi Vilas Bank Ltd Ahmadabad LAVB0000114
Location Ahmadabad, Ahmedabad
City Ahmadabad
District Ahmedabad
State Gujarat
Pincode 380014
Country IN
Address I floor, blue star complex near high court railway crossing, navrangpura ahmedabad - 380 014, gujarat
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 380056002 for Ahmadabad 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 380056002 of LV Bank, Ahmadabad branch makes the system almost error free and faster. Use of LV Bank MICR codes for Ahmadabad 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 -

>>Ahmadabad

MICR code for Lakshmi Vilas Bank Ahmadabad

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 Ahmadabad 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. 380056002 is the MICR code of Lakshmi Vilas Bank for Ahmadabad branch. MICR code for Ahmadabad 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 Ahmadabad is presented in the table alongside.

Use of LV Bank MICR code for Ahmadabad branch in ahmadabad

The MICR code 380056002 is used in RBI cheque clearing process to identify the branch Ahmadabad 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.