Lakshmi Vilas Bank Dharapuram Erode Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Dharapuram Erode 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	Dharapuram
Contact	Dharapuram_Bm@lvbank.In dharapuram@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Dharapuram LAVB0000226

Location	Dharapuram, Erode
City	Dharapuram
District	Erode
State	Tamil Nadu
Pincode	638656
Country	IN
Address	Ground floor, sap complex, ts no.33 part (old t s no 80/2b1 and 80/2a), block no.21, ward no. 6, udumalai road, 1st street, dharapuram

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

>>Dharapuram

MICR code for Lakshmi Vilas Bank Dharapuram

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

Use of LV Bank MICR code for Dharapuram branch in dharapuram

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