IFSC Code, MICR Codes for LAXMI VILAS BANK in MADHYA PRADESH - INDORE - INDORE - INDORE

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


IFSC Code

LAVB0000318

MICR Code

452056002

Branch

INDORE

Contact

2529102

Address

7 8 R N T MARG SILVER CASTLE BUILDING P B NO 503 INDORE 452 001 MADHY

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

LAVB0000318

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.