IFSC Code, MICR Codes for LAXMI VILAS BANK in MAHARASHTRA - GREATER BOMBAY - MUMBAI - BORIVILI MUMBAI

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


IFSC Code

LAVB0000178

MICR Code

400056006

Branch

BORIVILI MUMBAI

Contact

28908783

Address

SHOPNO 8 KAPOOR APARTMENTS CHANDAVARKAR ROAD BORIVLI

City

MUMBAI

District

GREATER BOMBAY

State

MAHARASHTRA





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

LAVB0000178

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.