MICR Code: 523056002
| Bank: The Lakshmi Vilas Bank Ltd |
| IFSC Code: Lavb0000508 |
| MICR Code: 523056002 |
| Address: 37 1 171, 1 St Floor Kurnool Road Ongole 523 002 Prakasam Dt Andhra Pra |
| City: Prakasam |
| District: Ongole |
| 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 523056002.
- In this case first three codes 523 is city code and it represents city Prakasam.
- 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 37 1 171, 1 St Floor Kurnool Road Ongole 523 002 Prakasam Dt Andhra Pra.
The easiest way to find MICR code is to check your
- Bank account statement
- Cheques
Please examine below sample cheque for more details
I hope this clears doubts.