Laxmi Vilas Bank INDORE IFSC Code, MICR Code, Contact No. - Indore, Madhya Pradesh

Laxmi Vilas Bank INDORE Branch IFSC Code, MICR Code (Indore, Madhya Pradesh). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Laxmi Vilas Bank INDORE - Indore, Madhya Pradesh

IFSC Code:LAVB0000318
MICR Code:
Branch Code:000318 (Last six characters of IFSC Code represent Branch code)
Address:7 8, R N T MARG SILVER CASTLE BUILDING P B NO 503 INDORE 452 001 MADHY
Branch:INDORE
City:INDORE
District:Indore
State:Madhya Pradesh
Contact No.:2529102

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Laxmi Vilas Bank IFSC Code is LAVB0000318, MICR Code is (Not provided), Branch Code is 000318 which is last six characters of IFSC Code, Branch name is INDORE located in 7 8, R N T MARG SILVER CASTLE BUILDING P B NO 503 INDORE 452 001 MADHY, INDORE, Indore, Madhya Pradesh, Contact no. is 2529102. IFSC code is used for NEFT, IMPS and RTGS Transactions.

What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.