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

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


IFSC Code

LAVB0000424

MICR Code

500056001

Branch

HYDERABAD

Contact

0

Address

FLATNO 2A II FLOOR SAMRAT COMPLEX SAIFABAD 500 004 HYDERABADANDHRA PRA

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





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

LAVB0000424

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.