IFSC Code, MICR Codes for LAXMI VILAS BANK in TAMIL NADU - CHENNAI - CHENNAI - GN STREET CHENNAI

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


IFSC Code

LAVB0000427

MICR Code

600056003

Branch

GN STREET CHENNAI

Contact

25369370

Address

244 IST FLOOR GOVINDAPPA NAICKEN STREET P B NO 1633 CHENNAI 600 001 TA

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of LAXMI VILAS BANK situated at GN STREET CHENNAI- RTGS-HO?
IFSC Code of LAXMI VILAS BANK situated at GN STREET CHENNAI - RTGS-HO is

LAVB0000427

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.