IFSC Code, MICR Codes for LAXMI VILAS BANK in TAMIL NADU - DINDIGUL - PALANI - PALANI

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


IFSC Code

LAVB0000532

MICR Code

624056102

Branch

PALANI

Contact

242252

Address

40 NEW DHARAPURAM ROAD PALANI 624601 DINDIGUL DT TAMIL NADU

City

PALANI

District

DINDIGUL

State

TAMIL NADU





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

LAVB0000532

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.