Lakshmi Vilas Bank Sathyamangalam Erode Tamil Nadu MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Sathyamangalam Erode Tamil Nadu

Bank	↻ Reload
State
District
City
Branch
Address

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	Sathyamangalam
Contact	Sathyamangalam_Bm@lvbank.In sathyamangalam@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Sathyamangalam LAVB0000650

Location	Sathyamangalam, Erode
City	Sathyamangalam
District	Erode
State	Tamil Nadu
Pincode	638402
Country	IN
Address	343, first floor, mysore trunk road extn., annapoorna complex, sathyamangalam – 638 402. Erode dt.

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

>>Sathyamangalam

MICR code for Lakshmi Vilas Bank Sathyamangalam

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

Use of LV Bank MICR code for Sathyamangalam branch in sathyamangalam

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

Copied!