Lakshmi Vilas Bank Chennai Thiruvallur Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Chennai Thiruvallur 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 Kavaraipettai
Contact 0
Bank Details Lakshmi Vilas Bank Ltd Kavaraipettai LAVB0000401
Location Chennai, Thiruvallur
City Chennai
District Thiruvallur
State Tamil Nadu
Pincode 601206
Country IN
Address No 175 a gnt road kavaraipettai thiruvallur 601206
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 Kavaraipettai 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, Kavaraipettai branch makes the system almost error free and faster. Use of LV Bank MICR codes for Kavaraipettai 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 -

>>Kavaraipettai

MICR code for Lakshmi Vilas Bank Kavaraipettai

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

Use of LV Bank MICR code for Kavaraipettai branch in chennai

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