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

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


IFSC Code

LAVB0000355

MICR Code

606056102

Branch

CHINNASALEM

Contact

257455

Address

MS. VYSYA MODERN RICE MILL CHURCHCOMPLEX STREET CHINNASALEM 606201

City

CHINNASALEM

District

VILLUPURAM

State

TAMIL NADU





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

LAVB0000355

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.