Kotak Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Kotak Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code	500485011
Bank	Kotak Mahindra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	A S Rao Nagar
Contact	1800226022
Bank Details	Kotak Mahindra Bank A S Rao Nagar KKBK0000565

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500038
Country	IN
Address	Kotak mahindra bank ltd, gr floor, shreeja classic, plot no. 51. H no. 1-6-51/e/1, anupuram main rd ( as roa nagar), kapra village & circle, ghmc, hyderabad-500038

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 500485011 for A S Rao Nagar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 500485011 of Kotak Mahindra Bank, A S Rao Nagar branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for A S Rao Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 29 branches of Kotak Mahindra Bank are available with micr code -

MICR code for Kotak Bank A S Rao Nagar

Kotak Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Kotak Mahindra Bank MICR code for A S Rao Nagar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 500485011 is the MICR code of Kotak Bank for A S Rao Nagar branch. MICR code for A S Rao Nagar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Kotak Mahindra Bank A S Rao Nagar is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for A S Rao Nagar branch in hyderabad

The MICR code 500485011 is used in RBI cheque clearing process to identify the branch A S Rao Nagar and Kotak Mahindra Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Kotak Bank is typically in either of these two font’s: E-138 and CMC-7.

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