IFSC Code, MICR Codes for LAXMI VILAS BANK in DELHI - DELHI - NEW DELHI - KAROLBAGH NEW DELHI

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


IFSC Code

LAVB0000501

MICR Code

110056002

Branch

KAROLBAGH NEW DELHI

Contact

2573736

Address

16 BY 17 W.E.A KAROL BAGH STREETOPP. TO SATBHARRAWAN SCHOOL KAROL

City

NEW DELHI

District

DELHI

State

DELHI





What is IFSC Code of LAXMI VILAS BANK situated at KAROLBAGH NEW DELHI- RTGS-HO?
IFSC Code of LAXMI VILAS BANK situated at KAROLBAGH NEW DELHI - RTGS-HO is

LAVB0000501

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.