MICR Code Bank
Find MICR code for Kotak Bank branches in India for NEFT and RTGS transfer

Kotak Bank MICR CODE

Find MICR Codes for Kotak Bank

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  1. Kotak Mahindra Bank »
  2. Maharashtra »
  3. kolhapur »
  4. ichalkarnji »
  5. ichalkaranji branch

Find MICR Codes for Kotak Bank

MICR Code: 416485201
Bank: Kotak Mahindra Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Ichalkaranji Branch
Contact:
Bank Details: Kotak Mahindra Bank Ichalkaranji Branch KKBK0001932
Location: Ichalkarnji, Kolhapur
City: Ichalkarnji
District: Kolhapur
State: Maharashtra
Pincode: 416115
Country: IN
Address: Gr mezzanine and basement flr bldg 55 janta bk chowk main bazar district kolhapur maharashtra 416115

How does MICR code for 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 of Kotak Mahindra Bank, branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for 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

>>Ichalkaranji Branch

MICR code for Kotak Bank

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

Use of Kotak Mahindra Bank MICR code for branch in ichalkarnji

The MICR code is used in RBI cheque clearing process to identify the 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.