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

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


IFSC Code

LAVB0000241

MICR Code

638056002

Branch

ERODE

Contact

2214368

Address

77 1ST FLOOR THIRUVENKADASAMY STREET ERODE 638 001 TAMIL NADU

City

ERODE

District

ERODE

State

TAMIL NADU





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

LAVB0000241

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.