Kotak Bank Satna Satna Madhya Pradesh MICR CODE

Find MICR Codes for Kotak Bank Satna Satna Madhya Pradesh

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MICR Code	485485001
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	Chakbandi Branch
Contact
Bank Details	Kotak Mahindra Bank Chakbandi Branch KKBK0005953

Location	Satna, Satna
City	Satna
District	Satna
State	Madhya Pradesh
Pincode	485001
Country	IN
Address	Gr flr khasra no 40 2 halka babupur vilage chakbandi block sohawal mahadeva dist satna mp pin 485001

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 485485001 for Chakbandi 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 485485001 of Kotak Mahindra Bank, Chakbandi Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chakbandi Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Kotak Mahindra Bank are available with micr code -

>>Chakbandi Branch >>Satna Rewa Road

MICR code for Kotak Bank Chakbandi 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 Chakbandi 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. 485485001 is the MICR code of Kotak Bank for Chakbandi Branch branch. MICR code for Chakbandi 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 Chakbandi Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chakbandi Branch branch in satna

The MICR code 485485001 is used in RBI cheque clearing process to identify the branch Chakbandi 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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