Kotak Bank Daman Daman Daman And Diu MICR CODE

Find MICR Codes for Kotak Bank Daman Daman Daman And Diu

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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	Daman Branch
Contact
Bank Details	Kotak Mahindra Bank Daman Branch KKBK0003042

Location	Daman, Daman
City	Daman
District	Daman
State	Daman And Diu
Pincode	396210
Country	IN
Address	Gr flr no 14 43 b g 2 htl sagar resy plot berg srvy 432 1 4 dilip ngr teenbati kathiria daman 396210

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

A total of 1 branches of Kotak Mahindra Bank are available with micr code -

>>Daman Branch

MICR code for Kotak Bank Daman 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 Daman 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 Daman Branch branch. MICR code for Daman 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 Daman Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Daman Branch branch in daman

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