Lakshmi Vilas Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Surat Surat Gujarat

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MICR Code	395056002
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	Surat
Contact	0261 - 2425200
Bank Details	Lakshmi Vilas Bank Ltd Surat LAVB0000679

Location	Surat, Surat
City	Surat
District	Surat
State	Gujarat
Pincode	395003
Country	IN
Address	No. 1-13, p.b.no. 404 belgium towersopp. To linear bus stand silver plaza complex ring roadsurat - 395 003gujarat

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 395056002 for Surat 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 395056002 of LV Bank, Surat branch makes the system almost error free and faster. Use of LV Bank MICR codes for Surat branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Lakshmi Vilas Bank Ltd are available with micr code -

>>Surat >>Surat2

MICR code for Lakshmi Vilas Bank Surat

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 Surat 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. 395056002 is the MICR code of Lakshmi Vilas Bank for Surat branch. MICR code for Surat 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 Surat is presented in the table alongside.

Use of LV Bank MICR code for Surat branch in surat

The MICR code 395056002 is used in RBI cheque clearing process to identify the branch Surat 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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