Kotak Bank Alibag Raigad Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Alibag Raigad Maharashtra

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MICR Code	-NA-
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	Awas Branch Raigarh
Contact	66056995
Bank Details	Kotak Mahindra Bank Awas Branch Raigarh KKBK0002028

Location	Alibag, Raigad
City	Alibag
District	Raigad
State	Maharashtra
Pincode	402201
Country	IN
Address	Ground floor, part of gat no 749, at post awas, taluka alibag, district raigarh 402201

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 0 for Awas Branch Raigarh 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 0 of Kotak Mahindra Bank, Awas Branch Raigarh branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Awas Branch Raigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Kotak Mahindra Bank are available with micr code -

>>Alibag Branch Raigarh >>Alibag Road Pezari Branch >>Awas Branch Raigarh

MICR code for Kotak Bank Awas Branch Raigarh

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 Awas Branch Raigarh 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. 0 is the MICR code of Kotak Bank for Awas Branch Raigarh branch. MICR code for Awas Branch Raigarh 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 Awas Branch Raigarh is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Awas Branch Raigarh branch in alibag

The MICR code 0 is used in RBI cheque clearing process to identify the branch Awas Branch Raigarh 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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