Lakshmi Vilas Bank Nelamangala Bangalore Rural Karnataka MICR CODE

Find MICR Codes for Lakshmi Vilas Bank Nelamangala Bangalore Rural Karnataka

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MICR Code	560056010
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	Vishveshwarapura
Contact	Vishveshwarapura@lvbank.In Vishveshwarapura_Bm@lvbank.In
Bank Details	Lakshmi Vilas Bank Ltd Vishveshwarapura LAVB0000803

Location	Nelamangala, Bangalore Rural
City	Nelamangala
District	Bangalore Rural
State	Karnataka
Pincode	562113
Country	IN
Address	Vishweshwarapura, 156/2a, vishweshwarapura, banauanahalli, doddaballapura road, nelamangala – 562113. Bangalore rural

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 560056010 for Vishveshwarapura 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 560056010 of LV Bank, Vishveshwarapura branch makes the system almost error free and faster. Use of LV Bank MICR codes for Vishveshwarapura 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 -

>>Vishveshwarapura

MICR code for Lakshmi Vilas Bank Vishveshwarapura

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 Vishveshwarapura 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. 560056010 is the MICR code of Lakshmi Vilas Bank for Vishveshwarapura branch. MICR code for Vishveshwarapura 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 Vishveshwarapura is presented in the table alongside.

Use of LV Bank MICR code for Vishveshwarapura branch in nelamangala

The MICR code 560056010 is used in RBI cheque clearing process to identify the branch Vishveshwarapura 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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