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

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


IFSC Code

LAVB0000680

MICR Code

508056202

Branch

SURYAPET

Contact

224111

Address

NO 1 2 270 BY 45 BY 1P B NO 12 KUDAKUDA ROAD SURYAPET 508 213 ANDHRA

City

SURYAPET

District

NALGONDA

State

ANDHRA PRADESH





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

LAVB0000680

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.