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Lakshmi Vilas Bank Gandhinagar Gandhinagar Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Gandhinagar Gandhinagar Gujarat

Bank
State
District
City
Branch
Address

MICR Code	382056003
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	Gandhinagar
Contact	079 - 23230220
Bank Details	Lakshmi Vilas Bank Ltd Gandhinagar LAVB0000280

Location	Gandhinagar, Gandhinagar
City	Gandhinagar
District	Gandhinagar
State	Gujarat
Pincode	382016
Country	IN
Address	Roadno. 5, near gh 5 sector - 16, p.b.no. 5 siddharth law college campus gandhinagar - 382 016 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 382056003 for Gandhinagar 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 382056003 of LV Bank, Gandhinagar branch makes the system almost error free and faster. Use of LV Bank MICR codes for Gandhinagar 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 -

>>Gandhinagar

MICR code for Lakshmi Vilas Bank Gandhinagar

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 Gandhinagar 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. 382056003 is the MICR code of Lakshmi Vilas Bank for Gandhinagar branch. MICR code for Gandhinagar 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 Gandhinagar is presented in the table alongside.

Use of LV Bank MICR code for Gandhinagar branch in gandhinagar

The MICR code 382056003 is used in RBI cheque clearing process to identify the branch Gandhinagar 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.