Lakshmi Vilas Bank Cuddapah Cuddapah Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Cuddapah Cuddapah Andhra Pradesh

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MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cuddapah
Contact Cuddapah@lvbank.In Cuddapah_Bm@lvbank.In
Bank Details Lakshmi Vilas Bank Ltd Cuddapah LAVB0000206
Location Cuddapah, Cuddapah
City Cuddapah
District Cuddapah
State Andhra Pradesh
Pincode 516001
Country IN
Address D.no: 5/526,527(old), trunk road, cuddappah – 516001
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 Cuddapah 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, Cuddapah branch makes the system almost error free and faster. Use of LV Bank MICR codes for Cuddapah 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 -

>>Cuddapah

MICR code for Lakshmi Vilas Bank Cuddapah

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

Use of LV Bank MICR code for Cuddapah branch in cuddapah

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