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	641056005
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	Kovaipudur Coimbatore
Contact	0422 - 2607542
Bank Details	Lakshmi Vilas Bank Ltd Kovaipudur Coimbatore LAVB0000188

Location	Coimbatore, Coimbotore
City	Coimbatore
District	Coimbotore
State	Tamil Nadu
Pincode	641042
Country	IN
Address	T-25, p.b.no. 2 kovaipudur coimbatore - 641 042 tamil nadu

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 641056005 for Kovaipudur Coimbatore 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 641056005 of LV Bank, Kovaipudur Coimbatore branch makes the system almost error free and faster. Use of LV Bank MICR codes for Kovaipudur Coimbatore 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 Kovaipudur Coimbatore

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 Kovaipudur Coimbatore 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. 641056005 is the MICR code of Lakshmi Vilas Bank for Kovaipudur Coimbatore branch. MICR code for Kovaipudur Coimbatore 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 Kovaipudur Coimbatore is presented in the table alongside.

Use of LV Bank MICR code for Kovaipudur Coimbatore branch in coimbatore

The MICR code 641056005 is used in RBI cheque clearing process to identify the branch Kovaipudur Coimbatore 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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