IFSC Code, MICR Codes for LAXMI VILAS BANK in ANDHRA PRADESH - CUDDAPAH - PRODDATUR - PRODDATUR

LAXMI VILAS BANK RTGS HO Branch in PRODDATUR - Address, IFSC, MICR Code


IFSC Code

LAVB0000547

MICR Code

516056102

Branch

PRODDATUR

Contact

255904

Address

NO 22 BY 437 GANDHI ROAD PRODDATUR516 360 CUDDAPAH DT ANDHRA PRADESH

City

PRODDATUR

District

CUDDAPAH

State

ANDHRA PRADESH





What is IFSC Code of LAXMI VILAS BANK situated at PRODDATUR- RTGS-HO?
IFSC Code of LAXMI VILAS BANK situated at PRODDATUR - RTGS-HO is

LAVB0000547

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.