Kotak Bank Mangaon Raigad Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Mangaon Raigad Maharashtra

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MICR Code	402485506
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	Koste Bk Branch
Contact	18001026022
Bank Details	Kotak Mahindra Bank Koste Bk Branch KKBK0002025

Location	Mangaon, Raigad
City	Mangaon
District	Raigad
State	Maharashtra
Pincode	402120
Country	IN
Address	Kotak mahindra bank ground floor, milkat no. 852/ a, village : koste bk., post : nijampur, takuka : mangaon, district : raigarh. Pin : 402120, maharashtra

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 402485506 for Koste Bk Branch 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 402485506 of Kotak Mahindra Bank, Koste Bk Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Koste Bk Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Kotak Mahindra Bank are available with micr code -

>>Khandad Branch Raigarh >>Koste Bk Branch >>Purar Branch >>Talashet Branch

MICR code for Kotak Bank Koste Bk Branch

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 Koste Bk Branch 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. 402485506 is the MICR code of Kotak Bank for Koste Bk Branch branch. MICR code for Koste Bk Branch 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 Koste Bk Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Koste Bk Branch branch in mangaon

The MICR code 402485506 is used in RBI cheque clearing process to identify the branch Koste Bk 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.

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