MICR Code: 583056102
| Bank: The Lakshmi Vilas Bank Ltd |
| IFSC Code: Lavb0000171 |
| MICR Code: 583056102 |
| Address: 16, 1 St Floor, Ambli Bagh Cross, Pb No 59 Bangalore Roadbellary 583 1 |
| City: Bellary |
| District: Bellary |
| State: Karnataka |
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 583056102.
- In this case first three codes 583 is city code and it represents city Bellary.
- 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 16, 1 St Floor, Ambli Bagh Cross, Pb No 59 Bangalore Roadbellary 583 1.
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.