MICR Code: 520056102

Bank: The Lakshmi Vilas Bank Ltd
IFSC Code: Lavb0000277
MICR Code: 520056102
Address: 23 1 97, Main Road1st Floor, Flowerbazaar Guntur 522 003 Guntur
City: Guntur
District: Guntur
State: Andhra Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 520056102.

  • In this case first three codes 520 is city code and it represents city Guntur.
  • Next three characters 056 represents bank The Lakshmi Vilas Bank Ltd.
  • Remaining characters which are 102 represents branch. In our case branch is located at address 23 1 97, Main Road1st Floor, Flowerbazaar Guntur 522 003 Guntur.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.