IFSC code for Lokvikas Nagari Sahakari Bank Aurangabad, Lokvikas nagari sah bank satara par, Aurangabad, Maharashtra
Updated on: Saturday, March 1, 2025
IFSC CODE
YESB0LNSB08
Lokvikas Nagari Sahakari Bank Aurangabad
Lokvikas Nagari Sah Bank Satara Par, Aurangabad, Maharashtra
Address
Plot No. 31, 31/1 Patel Complex, Gut No. 131, Devlai Road, Aurangabad 431010
Lokvikas Nagari Sahakari Bank Aurangabad
Lokvikas Nagari Sah Bank Satara Par, Aurangabad, Maharashtra
Address
Plot No. 31, 31/1 Patel Complex, Gut No. 131, Devlai Road, Aurangabad 431010
Bank Details
IFSC Code
YESB0LNSB08
MICR Code
431661006
Bank Code
(Based on IFSC)
LOKX
Bank Code
(Based on MICR)
661
Contact
+912402654584
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IFSC Code of Lokvikas Nagari Sahakari Bank Aurangabad
Every Lokvikas Nagari Sahakari Bank Aurangabad branch in India has a unique Lokvikas Nagari Sahakari Bank Aurangabad IFSC Code. Lokvikas Nagari Sahakari Bank Aurangabad IFSC Code enables Lokvikas Nagari Sahakari Bank Aurangabad account holders to send and receive money electronically. Lokvikas Nagari Sahakari Bank Aurangabad 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 Lokvikas Nagari Sahakari Bank Aurangabad IFSC Code YESB0LNSB08
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., YESB, denotes the name of the bank which is Lokvikas Nagari Sahakari Bank Aurangabad.
The fifth character is 0.
The last six digits of the code, i.e., LNSB08, represents the branch which is Lokvikas Nagari Sahakari Bank Aurangabad
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MICR Code of Lokvikas Nagari Sahakari Bank Aurangabad
Every Lokvikas Nagari Sahakari Bank Aurangabad branch in India has a unique Lokvikas Nagari Sahakari Bank Aurangabad MICR Code. MICR code for Lokvikas Nagari Sahakari Bank Aurangabad 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 Lokvikas Nagari Sahakari Bank Aurangabad. 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.
