Kotak Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Kotak Bank Indore Indore Madhya Pradesh

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MICR Code	452485002
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	Indore M G Road
Contact	(0731) 5297501
Bank Details	Kotak Mahindra Bank Indore M G Road KKBK0000751

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452002
Country	IN
Address	580, m.g.road,indore (m.p.) - 452 001

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 452485002 for Indore M G Road 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 452485002 of Kotak Mahindra Bank, Indore M G Road branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Indore M G Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Kotak Mahindra Bank are available with micr code -

>>Annapurna Road Branch >>Bengali Square Branch >>Cloth Market Branch >>Greater Kailash Road Branch >>Indore >>Indore Airport Road >>Indore Dewas Naka >>Indore Lig Square >>Indore M G Road >>Indore Palda Branch >>Indore Pipliyahana >>Indore Scheme Fifty Four >>Indore Sukhliya >>Jawahar Marg Indore >>Khatiwala Tank Branch >>Navlakha Branch >>Shreemaya Square Branch >>Vijay Nagar Branch Indore

MICR code for Kotak Bank Indore M G Road

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 Indore M G Road 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. 452485002 is the MICR code of Kotak Bank for Indore M G Road branch. MICR code for Indore M G Road 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 Indore M G Road is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Indore M G Road branch in indore

The MICR code 452485002 is used in RBI cheque clearing process to identify the branch Indore M G Road 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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