IFSC Code, MICR Codes for LAXMI VILAS BANK in ANDHRA PRADESH - WEST GODAVARI - ELURU - ELURU

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


IFSC Code

LAVB0000242

MICR Code

534056002

Branch

ELURU

Contact

220640

Address

23B 4 67 SRINIVASA TALKIES ROAD R RPETELURU 534 002 WEST GODAVARI

City

ELURU

District

WEST GODAVARI

State

ANDHRA PRADESH





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

LAVB0000242

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.