Kotak Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Kotak Bank Ahmedabad Ahmedabad Gujarat

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gujarat Satellite
Contact (079) 66310000
Bank Details Kotak Mahindra Bank Gujarat Satellite KKBK0000810
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380015
Country IN
Address Shop no. 6 & 7,shidhivinayak complex,shivranjini char rasta,satellite,
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 380485004 for Gujarat Satellite 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 380485004 of Kotak Mahindra Bank, Gujarat Satellite branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Gujarat Satellite branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Gujarat Satellite

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 Gujarat Satellite 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. 380485004 is the MICR code of Kotak Bank for Gujarat Satellite branch. MICR code for Gujarat Satellite 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 Gujarat Satellite is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Gujarat Satellite branch in ahmedabad

The MICR code 380485004 is used in RBI cheque clearing process to identify the branch Gujarat Satellite 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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