Lakshmi Vilas Bank Surat Surat Gujarat MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Surat Surat Gujarat

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MICR Code	395056003
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	Surat2
Contact	Surat2@lvbank.In Surat2_Bm@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Surat2 LAVB0000683

Location	Surat, Surat
City	Surat
District	Surat
State	Gujarat
Pincode	395006
Country	IN
Address	Ground floor,”avadh building”, opp rajhans point ,varachha road, surat - 395006

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 395056003 for Surat2 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 395056003 of LV Bank, Surat2 branch makes the system almost error free and faster. Use of LV Bank MICR codes for Surat2 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 Surat2

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 Surat2 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. 395056003 is the MICR code of Lakshmi Vilas Bank for Surat2 branch. MICR code for Surat2 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 Surat2 is presented in the table alongside.

Use of LV Bank MICR code for Surat2 branch in surat

The MICR code 395056003 is used in RBI cheque clearing process to identify the branch Surat2 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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