MICR Code: 500056004

Bank: The Lakshmi Vilas Bank Ltd
IFSC Code: Lavb0000461
MICR Code: 500056004
Address: No 292 And 293 1 St Floor Radhakrishna Malkajgiri Hyderabad
City: Rangareddy
District: Malkajgiri
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 500056004.

  • In this case first three codes 500 is city code and it represents city Rangareddy.
  • Next three characters 056 represents bank The Lakshmi Vilas Bank Ltd.
  • Remaining characters which are 004 represents branch. In our case branch is located at address No 292 And 293 1 St Floor Radhakrishna Malkajgiri Hyderabad.

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.