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MADHYA PRADESH LAXMI VILAS BANK IFSC Code, RTGS, NEFT and IMPS codes?

The IFSC code is often referred to as RTGS code or NEFT code since it is used to transfer money using RTGS. Ans. IFSC code is not the same as the branch code. IFSC (Indian Financial System Code) consists of eleven characters and is used to identify the bank and its branch. The Bank IFSC code can be used both by its RTGS and NEFT fund transfer systems. IFSC stands for Indian Financial System Code. The Payment System Software like RTGS, CFMS, and NEFT developed by its Reserve Bank of India utilize these codes. The code includes 11 Characters - First 4 figures represent the entity, the Fifth position has defaulted with a 0 for future usage, and the Last 6 character refers to the branch individuality.

LAXMI VILAS BANK IFSC Code in MADHYA PRADESH

LAXMI VILAS BANK MADHYA PRADESH IFSC code can be used for online money transfer systems like RTGS, NEFT, and IMPS. IFSC or Indian Financial System Code is a unique identification number that is used to identify each branch of a LAXMI VILAS BANK The code is used by all the Indian banks that participate in the NEFT, RTGS, IMPS payment settlement systems. LAXMI VILAS BANK has many branches in MADHYA PRADESH but it is very difficult to visit the bank each time. MADHYA PRADESH IFSC code consists of eleven digit code which comprises of first four letters like 'AAAA', the fifth digit is 0 followed by the last 6 digits which represent the specific LAXMI VILAS BANK branch code. Here's an example, the IFSC code of the LAXMI VILAS BANK branch at 11, Ganesh House, MG Road, MADHYA PRADESH (Only Test), is AAAA0007587.

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