IFSC Code, MICR Codes for LAXMI VILAS BANK in KARNATAKA - BANGALORE URBAN - BANGALORE - CITY MARKET BANGALOR

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


IFSC Code

LAVB0000164

MICR Code

560056003

Branch

CITY MARKET BANGALOR

Contact

22226917

Address

1091 OTC ROAD NAGARATHPET CITY MARKET BANGALORE 560 002 KARNATAKA

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





What is IFSC Code of LAXMI VILAS BANK situated at CITY MARKET BANGALOR- RTGS-HO?
IFSC Code of LAXMI VILAS BANK situated at CITY MARKET BANGALOR - RTGS-HO is

LAVB0000164

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.