Lakshmi Vilas Bank Sattur Virudhunagar Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Sattur Virudhunagar Tamil Nadu

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MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kanmai Soorangudi
Contact Kanmaisoorangudi_Bm@lvbank.In kanmaisoorangudi@lvbank.In
Bank Details Lakshmi Vilas Bank Ltd Kanmai Soorangudi LAVB0000349
Location Sattur, Virudhunagar
City Sattur
District Virudhunagar
State Tamil Nadu
Pincode 626203
Country IN
Address Door no.9/33, sattur to elayirampannai main road, kanmai soorangudi, sorrangudi – 626 203, sattur tk.
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 Kanmai Soorangudi 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, Kanmai Soorangudi branch makes the system almost error free and faster. Use of LV Bank MICR codes for Kanmai Soorangudi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Kanmai Soorangudi >>Sattur

MICR code for Lakshmi Vilas Bank Kanmai Soorangudi

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 Kanmai Soorangudi 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 Kanmai Soorangudi branch. MICR code for Kanmai Soorangudi 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 Kanmai Soorangudi is presented in the table alongside.

Use of LV Bank MICR code for Kanmai Soorangudi branch in sattur

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