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Laxmi Urban Co-operative Bank Latur

Laxmi Urban Co-operative Bank Latur IMPS BRANCH

+912382251753

IFSC CODE
ICIC00LUCBL
MICR Code 413811052
Branch Code 0LUCBL
City / District LATUR
State MAHARASHTRA
Office Address KAWA ROAD MARKET YARD LATUR 413512
Phone +912382251753
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Laxmi Urban Co-operative Bank Latur

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the Laxmi Urban Co-operative Bank Latur IMPS branch of Laxmi Urban Co-operative Bank Latur, the code ICIC00LUCBL ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the ICIC00LUCBL Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"ICIC" represents Laxmi Urban Co-operative Bank Latur

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for Laxmi Urban Co-operative Bank Latur IMPS

Payment Systems Supported by ICIC00LUCBL

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—413811052—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Laxmi Urban Co-operative Bank Latur in LATUR typically follows the RBI holiday calendar. Digital transfers via ICIC00LUCBL for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While ICIC00LUCBL is the valid code for Laxmi Urban Co-operative Bank Latur IMPS at LATUR, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

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Branch Context

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