Kotak Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Kolhapur Kolhapur Maharashtra

↻ Reload
MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolhapur New Mahadwar Road
Contact 22-66006022
Bank Details Kotak Mahindra Bank Kolhapur New Mahadwar Road KKBK0001934
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416012
Country IN
Address Ground floor no 1382 kh 1 a 1 a b wardnew mahadwar road mangalwar peth kolhapur maharashtra 416 012
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 0 for Kolhapur New Mahadwar 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 0 of Kotak Mahindra Bank, Kolhapur New Mahadwar Road branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Kolhapur New Mahadwar Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Kotak Mahindra Bank are available with micr code -

>>Kolhapur >>Kolhapur New Mahadwar Road >>Kolhapur Raja Rampuri Road

MICR code for Kotak Bank Kolhapur New Mahadwar 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 Kolhapur New Mahadwar 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. 0 is the MICR code of Kotak Bank for Kolhapur New Mahadwar Road branch. MICR code for Kolhapur New Mahadwar 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 Kolhapur New Mahadwar Road is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Kolhapur New Mahadwar Road branch in kolhapur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kolhapur New Mahadwar 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.

Copied!