IFSC Code, MICR Codes for LAXMI VILAS BANK in MAHARASHTRA - MAHASAMUND - MAHASAMUND - MAHASAMUND

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


IFSC Code

LAVB0000423

MICR Code

NA

Branch

MAHASAMUND

Contact

0

Address

SHOP NO 84/42 S NO 46 NEAR NEW KALABAI SCHOOLMAIN RAIPUR ROAD MAHASAMUND

City

MAHASAMUND

District

MAHASAMUND

State

MAHARASHTRA





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

LAVB0000423

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.