Lakshmi Vilas Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code	-NA-
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	Annur
Contact
Bank Details	Lakshmi Vilas Bank Ltd Annur LAVB0000129

Location	Coimbatore, Coimbatore
City	Coimbatore
District	Coimbatore
State	Tamil Nadu
Pincode	641653
Country	IN
Address	No 25g & 25g2 avinashi road, annur,coimbatore dist

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 Annur 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, Annur branch makes the system almost error free and faster. Use of LV Bank MICR codes for Annur 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 -

>>Annur >>Commercial Banking Branch Coimbatore >>Echanari Extension Counter >>Gandhimanagar Peelamedu >>K K Pudur >>K Vadamadurai >>Ondipudur >>Peelamedu >>Siddhapudur >>Signature Branch Coimbatore

MICR code for Lakshmi Vilas Bank Annur

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 Annur 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 Annur branch. MICR code for Annur 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 Annur is presented in the table alongside.

Use of LV Bank MICR code for Annur branch in coimbatore

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

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