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

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


IFSC Code

LAVB0000787

MICR Code

530056001

Branch

VISHAKAPATNAM

Contact

2704870

Address

9 1 248 1ST FLOORCBM COMPOUNDASSILIMETTA VISHAKAPATNAM 530 003 A.

City

VISHAKAPATNAM

District

VISHAKHAPATNAM

State

ANDHRA PRADESH





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

LAVB0000787

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.