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Lakshmi Vilas Bank Nandyal Kurnool Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Nandyal Kurnool Andhra Pradesh

MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nandyal 25 509
Contact 08514 - 221249
Bank Details Lakshmi Vilas Bank Ltd Nandyal 25 509 LAVB0000503
Location Nandyal, Kurnool
City Nandyal
District Kurnool
State Andhra Pradesh
Pincode 518501
Country IN
Address 25/509, srinivasa nagar nandyal – 518 501 andhrapradesh
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 Nandyal 25 509 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, Nandyal 25 509 branch makes the system almost error free and faster. Use of LV Bank MICR codes for Nandyal 25 509 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 -

>>Nandyal 25 509

MICR code for Lakshmi Vilas Bank Nandyal 25 509

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 Nandyal 25 509 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 Nandyal 25 509 branch. MICR code for Nandyal 25 509 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 Nandyal 25 509 is presented in the table alongside.

Use of LV Bank MICR code for Nandyal 25 509 branch in nandyal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nandyal 25 509 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.