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

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


IFSC Code

LAVB0000502

MICR Code

524056002

Branch

NELLORE

Contact

2331875

Address

9 BY 744 745GVR TOWERS SANTHAPETTRUNK ROAD RANGANAYAKALUPET NELLOR

City

NELLORE

District

NELLORE

State

ANDHRA PRADESH





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

LAVB0000502

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.