Kotak Bank Ahmadnagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Ahmadnagar Ahmadnagar Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhingar Urban Co Op Bank Ltd Bolhegaon
Contact 0241-2779777
Bank Details Kotak Mahindra Bank Bhingar Urban Co Op Bank Ltd Bolhegaon KKBK0BUCB06
Location Ahmadnagar, Ahmadnagar
City Ahmadnagar
District Ahmadnagar
State Maharashtra
Pincode 414001
Country IN
Address Bhingar urban co op bank ltd bolhegaon sr no 166/6 plot no 55/a, ward no 13, satyalok apartment, bolhegaon rd nagapur ahmednagar
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 Bhingar Urban Co Op Bank Ltd Bolhegaon 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, Bhingar Urban Co Op Bank Ltd Bolhegaon branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Bhingar Urban Co Op Bank Ltd Bolhegaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Bhingar Urban Co Op Bank Ltd Bolhegaon

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 Bhingar Urban Co Op Bank Ltd Bolhegaon 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 Bhingar Urban Co Op Bank Ltd Bolhegaon branch. MICR code for Bhingar Urban Co Op Bank Ltd Bolhegaon 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 Bhingar Urban Co Op Bank Ltd Bolhegaon is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Bhingar Urban Co Op Bank Ltd Bolhegaon branch in ahmadnagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhingar Urban Co Op Bank Ltd Bolhegaon 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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