Lakshmi Vilas Bank Jaggaiahpet Jaggaiahpet Andhra Pradesh MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Jaggaiahpet Jaggaiahpet 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 Jaggaiahpet
Contact 0
Bank Details Lakshmi Vilas Bank Ltd Jaggaiahpet LAVB0000331
Location Jaggaiahpet, Jaggaiahpet
City Jaggaiahpet
District Jaggaiahpet
State Andhra Pradesh
Pincode
Country IN
Address No 6 836 4 kodada road opposite sri rama hospitalz
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 520056702 for Jaggaiahpet 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 520056702 of LV Bank, Jaggaiahpet branch makes the system almost error free and faster. Use of LV Bank MICR codes for Jaggaiahpet 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 -

>>Jaggaiahpet

MICR code for Lakshmi Vilas Bank Jaggaiahpet

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 Jaggaiahpet 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. 520056702 is the MICR code of Lakshmi Vilas Bank for Jaggaiahpet branch. MICR code for Jaggaiahpet 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 Jaggaiahpet is presented in the table alongside.

Use of LV Bank MICR code for Jaggaiahpet branch in jaggaiahpet

The MICR code 520056702 is used in RBI cheque clearing process to identify the branch Jaggaiahpet 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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