IFSC Code, MICR Codes for LAXMI VILAS BANK in TAMIL NADU - NAMAKKAL - VELUR - VELUR SALEM

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


IFSC Code

LAVB0000793

MICR Code

639056009

Branch

VELUR SALEM

Contact

220246

Address

2 C THIRUVALLUVAR SALAI VELUR SALEM638 182 NAMAKKAL DT TAMIL NADU

City

VELUR

District

NAMAKKAL

State

TAMIL NADU





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

LAVB0000793

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.