Kotak Bank Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Kotak Bank Bangalore Bangalore Urban Karnataka

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MICR Code	560485018
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	Basaveshwara Nagar Branch
Contact	18001026022
Bank Details	Kotak Mahindra Bank Basaveshwara Nagar Branch KKBK0008035

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560079
Country	IN
Address	Kotak mahindra bank limited basaveshwara nagar branch-bangalore ground floor, yashodhara , corporation no.881/a, modi hospital road, basaveshwara nagar 2nd stage, west of chord road, bangalore-560079

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 560485018 for Basaveshwara Nagar Branch 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 560485018 of Kotak Mahindra Bank, Basaveshwara Nagar Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Basaveshwara Nagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 59 branches of Kotak Mahindra Bank are available with micr code -

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MICR code for Kotak Bank Basaveshwara Nagar Branch

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 Basaveshwara Nagar Branch 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. 560485018 is the MICR code of Kotak Bank for Basaveshwara Nagar Branch branch. MICR code for Basaveshwara Nagar Branch 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 Basaveshwara Nagar Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Basaveshwara Nagar Branch branch in bangalore

The MICR code 560485018 is used in RBI cheque clearing process to identify the branch Basaveshwara Nagar Branch 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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