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Lakshmi Vilas Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Mumbai Greater Bombay Maharashtra

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Borivili Mumbai
Contact 022 - 28908783
Bank Details Lakshmi Vilas Bank Ltd Borivili Mumbai LAVB0000178
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400092
Country IN
Address Shopno.8, kapoor apartments, chandavarkar road,borivli (west) mumbai - 400 092 maharashtra
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 400056006 for Borivili Mumbai 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 400056006 of LV Bank, Borivili Mumbai branch makes the system almost error free and faster. Use of LV Bank MICR codes for Borivili Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Andheri Mumbai >>Borivili Mumbai >>Fort Mumbai >>Ghatkopar Mumbai >>Kharghar >>Matunga Mumbai >>Mumbai Service Branch >>Mumbai Zo >>Rtgs Cell >>Vashi Mumbai

MICR code for Lakshmi Vilas Bank Borivili Mumbai

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 Borivili Mumbai 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. 400056006 is the MICR code of Lakshmi Vilas Bank for Borivili Mumbai branch. MICR code for Borivili Mumbai 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 Borivili Mumbai is presented in the table alongside.

Use of LV Bank MICR code for Borivili Mumbai branch in mumbai

The MICR code 400056006 is used in RBI cheque clearing process to identify the branch Borivili Mumbai 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.