Lakshmi Vilas Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Madurai Madurai Tamil Nadu

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MICR Code	625056023
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	Koodal Nagar
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Koodal Nagar LAVB0000941

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode
Country	IN
Address	D no. 1-1/26 anjal nagar third street palamedu main road

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 625056023 for Koodal Nagar 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 625056023 of LV Bank, Koodal Nagar branch makes the system almost error free and faster. Use of LV Bank MICR codes for Koodal Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Bibikulam >>C.G.Nagar Madurai >>Koodal Nagar >>Madurai Annanagar >>Madurai Main >>Madurai Ro >>Naganakulam >>Naicker New Street >>South Masi Street >>Tallakulam Madurai >>Uranganpatti >>Villapuram >>Y.Othakkadai

MICR code for Lakshmi Vilas Bank Koodal Nagar

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 Koodal Nagar 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. 625056023 is the MICR code of Lakshmi Vilas Bank for Koodal Nagar branch. MICR code for Koodal Nagar 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 Koodal Nagar is presented in the table alongside.

Use of LV Bank MICR code for Koodal Nagar branch in madurai

The MICR code 625056023 is used in RBI cheque clearing process to identify the branch Koodal Nagar 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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