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	-NA-
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	Madurai Annanagar
Contact	Annanagar_Bm@lvbank.In annanagar@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Madurai Annanagar LAVB0000123

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625020
Country	IN
Address	Door no. Hig 38, 80 feet road, anna nagar, madurai – 625 020

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 Madurai Annanagar 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, Madurai Annanagar branch makes the system almost error free and faster. Use of LV Bank MICR codes for Madurai Annanagar 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 Madurai Annanagar

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 Madurai Annanagar 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 Madurai Annanagar branch. MICR code for Madurai Annanagar 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 Madurai Annanagar is presented in the table alongside.

Use of LV Bank MICR code for Madurai Annanagar branch in madurai

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