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

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


IFSC Code

LAVB0000430

MICR Code

600056007

Branch

MYLAPORE CHENNAI

Contact

4940736

Address

38 NORTH MADA STREET MYLAPORE CHENNAI 600 004 TAMIL NADU

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

LAVB0000430

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.