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Lakshmi Vilas Bank Ernakulam Ernakulam Kerala MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Ernakulam Ernakulam Kerala

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cochin Ernakulam
Contact 0484 - 2376578
Bank Details Lakshmi Vilas Bank Ltd Cochin Ernakulam LAVB0000201
Location Ernakulam, Ernakulam
City Ernakulam
District Ernakulam
State Kerala
Pincode 682016
Country IN
Address Xxxix - 818chittoor road, “karthika” 1st floor, eranakulam cochin - 682 016 kerala
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 682056002 for Cochin Ernakulam 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 682056002 of LV Bank, Cochin Ernakulam branch makes the system almost error free and faster. Use of LV Bank MICR codes for Cochin Ernakulam 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 -

>>Cochin Ernakulam

MICR code for Lakshmi Vilas Bank Cochin Ernakulam

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 Cochin Ernakulam 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. 682056002 is the MICR code of Lakshmi Vilas Bank for Cochin Ernakulam branch. MICR code for Cochin Ernakulam 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 Cochin Ernakulam is presented in the table alongside.

Use of LV Bank MICR code for Cochin Ernakulam branch in ernakulam

The MICR code 682056002 is used in RBI cheque clearing process to identify the branch Cochin Ernakulam 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.