Kotak Bank Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Jalgaon Jalgaon Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Godavari Laxmi Co Op Bank Ltd Branch Jalgaon
Contact 0257-2242131/2242132
Bank Details Kotak Mahindra Bank Godavari Laxmi Co Op Bank Ltd Branch Jalgaon KKBK0GLCB01
Location Jalgaon, Jalgaon
City Jalgaon
District Jalgaon
State Maharashtra
Pincode 425001
Country IN
Address Godavari laxmi co-op bank ltd, branch jalgaon 31, navi peth, bank street, jalgaon - 425001.
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 425829001 for Godavari Laxmi Co Op Bank Ltd Branch Jalgaon 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 425829001 of Kotak Mahindra Bank, Godavari Laxmi Co Op Bank Ltd Branch Jalgaon branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Godavari Laxmi Co Op Bank Ltd Branch Jalgaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Godavari Laxmi Co Op Bank Ltd Branch Jalgaon

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 Godavari Laxmi Co Op Bank Ltd Branch Jalgaon 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. 425829001 is the MICR code of Kotak Bank for Godavari Laxmi Co Op Bank Ltd Branch Jalgaon branch. MICR code for Godavari Laxmi Co Op Bank Ltd Branch Jalgaon 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 Godavari Laxmi Co Op Bank Ltd Branch Jalgaon is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Godavari Laxmi Co Op Bank Ltd Branch Jalgaon branch in jalgaon

The MICR code 425829001 is used in RBI cheque clearing process to identify the branch Godavari Laxmi Co Op Bank Ltd Branch Jalgaon 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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