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

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


IFSC Code

LAVB0000431

MICR Code

600056008

Branch

NUNGAMBAKKAM CHENNAI

Contact

28271349

Address

175 VALLUVAR KOTTAM HIGH ROAD P B NO 1258 1ST FLOOR NUNGAMBAKKAMCHENNA

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

LAVB0000431

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.