Lakshmi Vilas Bank Mettur Salem Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Mettur Salem 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 Mettur Dam
Contact 04298 - 244738
Bank Details Lakshmi Vilas Bank Ltd Mettur Dam LAVB0000462
Location Mettur, Salem
City Mettur
District Salem
State Tamil Nadu
Pincode 636401
Country IN
Address 8/13, square market road 1st floor, r.k.p. Complex p.b.no. 13 mettur dam - 636 401 salem dt. 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 636056010 for Mettur Dam 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 636056010 of LV Bank, Mettur Dam branch makes the system almost error free and faster. Use of LV Bank MICR codes for Mettur Dam 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 -

>>Mettur Dam

MICR code for Lakshmi Vilas Bank Mettur Dam

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 Mettur Dam 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. 636056010 is the MICR code of Lakshmi Vilas Bank for Mettur Dam branch. MICR code for Mettur Dam 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 Mettur Dam is presented in the table alongside.

Use of LV Bank MICR code for Mettur Dam branch in mettur

The MICR code 636056010 is used in RBI cheque clearing process to identify the branch Mettur Dam 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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