Kotak Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Aurangabad Aurangabad Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Aurangabad Jalna Road
Contact (0240) 6611756
Bank Details Kotak Mahindra Bank Aurangabad Jalna Road KKBK0000693
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode
Country IN
Address Aurangabad - jalna road
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 431485002 for Aurangabad Jalna Road 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 431485002 of Kotak Mahindra Bank, Aurangabad Jalna Road branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Aurangabad Jalna Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Aurangabad Jalna Road

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 Aurangabad Jalna Road 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. 431485002 is the MICR code of Kotak Bank for Aurangabad Jalna Road branch. MICR code for Aurangabad Jalna Road 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 Aurangabad Jalna Road is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Aurangabad Jalna Road branch in aurangabad

The MICR code 431485002 is used in RBI cheque clearing process to identify the branch Aurangabad Jalna Road 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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