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

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


IFSC Code

LAVB0000224

MICR Code

523056642

Branch

DODDAVARAM

Contact

271122

Address

DODDAVARAM VILLAGEMADDIPADU MANDALPRAKASAM DT 523263 ANDHRAPRADESH

City

DODDAVARAM

District

PRAKASAM

State

ANDHRA PRADESH





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

LAVB0000224

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.