Lakshmi Vilas Bank Secunderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Secunderabad Hyderabad Telangana

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MICR Code
Bank Lakshmi Vilas Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch P G Road
Contact 0
Bank Details Lakshmi Vilas Bank Ltd P G Road LAVB0000572
Location Secunderabad, Hyderabad
City Secunderabad
District Hyderabad
State Telangana
Pincode 500003
Country IN
Address D no 1 8 303 27 plot no 26 sindhi colony prederghast road secunderabad hyderabad telangana
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 500056024 for P G Road 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 500056024 of LV Bank, P G Road branch makes the system almost error free and faster. Use of LV Bank MICR codes for P G Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>P G Road >>Seetapalmandi >>Vikrampuri

MICR code for Lakshmi Vilas Bank P G Road

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 P G Road 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. 500056024 is the MICR code of Lakshmi Vilas Bank for P G Road branch. MICR code for P G Road 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 P G Road is presented in the table alongside.

Use of LV Bank MICR code for P G Road branch in secunderabad

The MICR code 500056024 is used in RBI cheque clearing process to identify the branch P G Road 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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