Lakshmi Vilas Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Coimbatore Coimbatore 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	Peelamedu
Contact	0
Bank Details	Lakshmi Vilas Bank Ltd Peelamedu LAVB0000570

Location	Coimbatore, Coimbatore
City	Coimbatore
District	Coimbatore
State	Tamil Nadu
Pincode	641001
Country	IN
Address	Old no 85 and new no 122 third street bharathi colony peelamedu coimbatore 641001

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 Peelamedu 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, Peelamedu branch makes the system almost error free and faster. Use of LV Bank MICR codes for Peelamedu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Annur >>Commercial Banking Branch Coimbatore >>Echanari Extension Counter >>Gandhimanagar Peelamedu >>K K Pudur >>K Vadamadurai >>Ondipudur >>Peelamedu >>Siddhapudur >>Signature Branch Coimbatore

MICR code for Lakshmi Vilas Bank Peelamedu

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 Peelamedu 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 Peelamedu branch. MICR code for Peelamedu 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 Peelamedu is presented in the table alongside.

Use of LV Bank MICR code for Peelamedu branch in coimbatore

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