MICR Code: 523056102

Bank: The Lakshmi Vilas Bank Ltd
IFSC Code: Lavb0000389
MICR Code: 523056102
Address: 60 By 120 Main Roadkothapeta Chirala
City: East Godavari
District: Kothapeta Chirala
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 523056102.

  • In this case first three codes 523 is city code and it represents city East Godavari.
  • 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 60 By 120 Main Roadkothapeta Chirala.

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.