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Lakshmi Vilas Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Chennai Chennai Tamil Nadu

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ambattur
Contact
Bank Details Lakshmi Vilas Bank Ltd Ambattur LAVB0000131
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600058
Country IN
Address No 17a,old township road,ambattur ot,chennai-600058
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 Ambattur 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, Ambattur branch makes the system almost error free and faster. Use of LV Bank MICR codes for Ambattur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Lakshmi Vilas Bank Ambattur

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

Use of LV Bank MICR code for Ambattur branch in chennai

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