Kotak Bank Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Kotak Bank Jaipur Jaipur Rajasthan

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chaura Rasta Branch
Contact
Bank Details Kotak Mahindra Bank Chaura Rasta Branch KKBK0003549
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302007
Country IN
Address Gr floor and basement shop no 1 and 2 opp golcha cinema hall chaura rasta jaipur rajasthan 302001
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 302485016 for Chaura Rasta 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 302485016 of Kotak Mahindra Bank, Chaura Rasta Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chaura Rasta Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Chaura Rasta 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 Chaura Rasta 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. 302485016 is the MICR code of Kotak Bank for Chaura Rasta Branch branch. MICR code for Chaura Rasta 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 Chaura Rasta Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chaura Rasta Branch branch in jaipur

The MICR code 302485016 is used in RBI cheque clearing process to identify the branch Chaura Rasta 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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