Lakshmi Vilas Bank Rasipuram Namakkal Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Rasipuram Namakkal Karnataka

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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	P.Ayeepalayam
Contact	P.Ayeepalayam_Bm@lvbank.In p.Ayeepalayam@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd P.Ayeepalayam LAVB0000528

Location	Rasipuram, Namakkal
City	Rasipuram
District	Namakkal
State	Karnataka
Pincode
Country	IN
Address	1/6, p.ayeepalayam, rasipuram tk.

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 P.Ayeepalayam 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, P.Ayeepalayam branch makes the system almost error free and faster. Use of LV Bank MICR codes for P.Ayeepalayam 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 -

>>P.Ayeepalayam

MICR code for Lakshmi Vilas Bank P.Ayeepalayam

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.Ayeepalayam 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 P.Ayeepalayam branch. MICR code for P.Ayeepalayam 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.Ayeepalayam is presented in the table alongside.

Use of LV Bank MICR code for P.Ayeepalayam branch in rasipuram

The MICR code 0 is used in RBI cheque clearing process to identify the branch P.Ayeepalayam 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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