IFSC code for Laxmi Co-operative Bank Solapur, The laxmi co-operative bank ltd. solapur, Solapur, Maharashtra
IFSC CODE
MSCI0LCBS01
Laxmi Co-operative Bank Solapur
The Laxmi Co-operative Bank Ltd. Solapur, Solapur, Maharashtra
Address
319, South Kasba, Solapur, 413007
Laxmi Co-operative Bank Solapur
The Laxmi Co-operative Bank Ltd. Solapur, Solapur, Maharashtra
Address
319, South Kasba, Solapur, 413007
Bank Details
IFSC Code
MSCI0LCBS01
MICR Code
413612002
Bank Code
(Based on IFSC)
LACX
Bank Code
(Based on MICR)
612
Contact
+912172747363
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IFSC Code of Laxmi Co-operative Bank Solapur
Every Laxmi Co-operative Bank Solapur branch in India has a unique Laxmi Co-operative Bank Solapur IFSC Code. Laxmi Co-operative Bank Solapur IFSC Code enables Laxmi Co-operative Bank Solapur account holders to send and receive money electronically. Laxmi Co-operative Bank Solapur IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Laxmi Co-operative Bank Solapur IFSC Code MSCI0LCBS01
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., MSCI, denotes the name of the bank which is Laxmi Co-operative Bank Solapur.
The fifth character is 0.
The last six digits of the code, i.e., LCBS01, represents the branch which is Laxmi Co-operative Bank Solapur
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MICR Code of Laxmi Co-operative Bank Solapur
Every Laxmi Co-operative Bank Solapur branch in India has a unique Laxmi Co-operative Bank Solapur MICR Code. MICR code for Laxmi Co-operative Bank Solapur can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Laxmi Co-operative Bank Solapur. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
