IFSC Code, MICR Codes for LAXMI VILAS BANK in KARNATAKA - MYSORE - KOLLEGAL - KOLLEGAL

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


IFSC Code

LAVB0000386

MICR Code

571056102

Branch

KOLLEGAL

Contact

252548

Address

7452 CSR HARDWARE COMPLEX BUS STAND ROAD

City

KOLLEGAL

District

MYSORE

State

KARNATAKA





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

LAVB0000386

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.