Kotak Bank Chiplun Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Chiplun Ratnagiri Maharashtra

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MICR Code	-NA-
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	Chiplun Branch
Contact	18001026022
Bank Details	Kotak Mahindra Bank Chiplun Branch KKBK0001987

Location	Chiplun, Ratnagiri
City	Chiplun
District	Ratnagiri
State	Maharashtra
Pincode	415605
Country	IN
Address	Kotak mahindra bank limited, ground floor, shivsagar building, (municipal house no 371/a, 371/a1, 371/a2), kavil tali, chiplun, taluka : chiplun, district : ratnagiri, pin - 415605. Maharashtra.

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 Chiplun 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 0 of Kotak Mahindra Bank, Chiplun Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chiplun Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Kotak Mahindra Bank are available with micr code -

>>Chiplun Branch >>Kokan Mercantile Co Op Bank Ltd Chiplun >>Mirjoli Branch >>Umroli Branch Chiplun Guhagar Rd

MICR code for Kotak Bank Chiplun 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 Chiplun 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. 0 is the MICR code of Kotak Bank for Chiplun Branch branch. MICR code for Chiplun 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 Chiplun Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chiplun Branch branch in chiplun

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chiplun 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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