MICR Code: 507056002

Bank: The Lakshmi Vilas Bank Ltd
IFSC Code: Lavb0000379
MICR Code: 507056002
Address: 23231, Sundar Talkies Road, Gandhi Chowk, Khammam507 003 Andhra Pradesh
City: Khammam
District: Khammam
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 507056002.

  • In this case first three codes 507 is city code and it represents city Khammam.
  • Next three characters 056 represents bank The Lakshmi Vilas Bank Ltd.
  • Remaining characters which are 002 represents branch. In our case branch is located at address 23231, Sundar Talkies Road, Gandhi Chowk, Khammam507 003 Andhra Pradesh.

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.