Kotak Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Kotak Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160485020
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	Chandigarh Indu Area Phase One
Contact	22-66006022
Bank Details	Kotak Mahindra Bank Chandigarh Indu Area Phase One KKBK0004212

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160002
Country	IN
Address	Ground floor the statement bank square plot no 149 industrial areaphase 1 chandigarh 160 002

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.

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Chandigarh Indu Area Phase One (160485020)

How does MICR code 160485020 for Chandigarh Indu Area Phase One 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 160485020 of Kotak Mahindra Bank, Chandigarh Indu Area Phase One branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chandigarh Indu Area Phase One branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Kotak Mahindra Bank are available with micr code -

>>Chandigarh Indu Area Phase One >>Chandigarh Sec 9 >>Chandigarh Sec Forty Six C >>Chandigarh Sec Seven >>Chandigarh Sec Sixteen >>Chandigarh Sector 27 Branch >>Chandigarh Sector 35 B Branch >>Mani Majra Nac

MICR code for Kotak Bank Chandigarh Indu Area Phase One

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 Chandigarh Indu Area Phase One 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. 160485020 is the MICR code of Kotak Bank for Chandigarh Indu Area Phase One branch. MICR code for Chandigarh Indu Area Phase One 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 Chandigarh Indu Area Phase One is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chandigarh Indu Area Phase One branch in chandigarh

The MICR code 160485020 is used in RBI cheque clearing process to identify the branch Chandigarh Indu Area Phase One 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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