Lakshmi Vilas Bank Coimbatore Coimbotore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Coimbatore Coimbotore Tamil Nadu

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MICR Code	641056009
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	Koundanpalayam
Contact	04254 - 222182
Bank Details	Lakshmi Vilas Bank Ltd Koundanpalayam LAVB0000192

Location	Coimbatore, Coimbotore
City	Coimbatore
District	Coimbotore
State	Tamil Nadu
Pincode	641030
Country	IN
Address	S.f.no.48/ site no.4, gandhi nagar, mettupalayam road, koundampalayam, coimbatore – 641 030

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 641056009 for Koundanpalayam 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 641056009 of LV Bank, Koundanpalayam branch makes the system almost error free and faster. Use of LV Bank MICR codes for Koundanpalayam branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Coimbatore Do >>Coimbatore Main >>Coimbatore Service Branch >>Eachanary >>Ganapathy Coimbatore >>Gandhipuram Coimbatore >>Koundanpalayam >>Kovaipudur Coimbatore >>R.S.Puram Coimbatore >>Ramanathapuram Coimbatore >>Uppilipalayam Coimbatore

MICR code for Lakshmi Vilas Bank Koundanpalayam

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 Koundanpalayam 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. 641056009 is the MICR code of Lakshmi Vilas Bank for Koundanpalayam branch. MICR code for Koundanpalayam 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 Koundanpalayam is presented in the table alongside.

Use of LV Bank MICR code for Koundanpalayam branch in coimbatore

The MICR code 641056009 is used in RBI cheque clearing process to identify the branch Koundanpalayam 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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