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Lakshmi Vilas Bank Jamnagar Jamnagar Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Jamnagar Jamnagar Gujarat

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jamnagar
Contact 0288 - 2661762
Bank Details Lakshmi Vilas Bank Ltd Jamnagar LAVB0000337
Location Jamnagar, Jamnagar
City Jamnagar
District Jamnagar
State Gujarat
Pincode 361008
Country IN
Address Hotel stay building near amber cinema plotno.34-g, pandit nehry marg jamnagar 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 361056001 for Jamnagar 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 361056001 of LV Bank, Jamnagar branch makes the system almost error free and faster. Use of LV Bank MICR codes for Jamnagar 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 -

>>Jamnagar

MICR code for Lakshmi Vilas Bank Jamnagar

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 Jamnagar 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. 361056001 is the MICR code of Lakshmi Vilas Bank for Jamnagar branch. MICR code for Jamnagar 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 Jamnagar is presented in the table alongside.

Use of LV Bank MICR code for Jamnagar branch in jamnagar

The MICR code 361056001 is used in RBI cheque clearing process to identify the branch Jamnagar 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.