Kotak Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Thane Thane Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kokan Mercantile Co Op Bank Ltd Thane
Contact 022 23723753
Bank Details Kotak Mahindra Bank Kokan Mercantile Co Op Bank Ltd Thane KKBK0KMCB08
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400601
Country IN
Address Kokan mercantile co-op bank ltd thane bape tower, 1st floor, opp. Masjid-e-noor, iind rabodi, dist. Thane -400 601.
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 400075008 for Kokan Mercantile Co Op Bank Ltd Thane 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 400075008 of Kotak Mahindra Bank, Kokan Mercantile Co Op Bank Ltd Thane branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Kokan Mercantile Co Op Bank Ltd Thane branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Kokan Mercantile Co Op Bank Ltd Thane

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 Kokan Mercantile Co Op Bank Ltd Thane 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. 400075008 is the MICR code of Kotak Bank for Kokan Mercantile Co Op Bank Ltd Thane branch. MICR code for Kokan Mercantile Co Op Bank Ltd Thane 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 Kokan Mercantile Co Op Bank Ltd Thane is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Kokan Mercantile Co Op Bank Ltd Thane branch in thane

The MICR code 400075008 is used in RBI cheque clearing process to identify the branch Kokan Mercantile Co Op Bank Ltd Thane 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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