Kotak Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Kotak Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160485005
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	Mani Majra Nac
Contact	(0172) 6628759
Bank Details	Kotak Mahindra Bank Mani Majra Nac KKBK0000259

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160101
Country	IN
Address	Kotak mahindra bank ltd,basement & ground floor,sco no 826,mani majra nac,chandigarh,mani majra-160101,chandigarh,india

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 160485005 for Mani Majra Nac 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 160485005 of Kotak Mahindra Bank, Mani Majra Nac branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Mani Majra Nac branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Kotak Mahindra Bank are available with micr code -

>>Chandigarh Indu Area Phase One >>Chandigarh Sec 9 >>Chandigarh Sec Forty Six C >>Chandigarh Sec Seven >>Chandigarh Sec Sixteen >>Chandigarh Sector 27 Branch >>Chandigarh Sector 35 B Branch >>Mani Majra Nac

MICR code for Kotak Bank Mani Majra Nac

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 Mani Majra Nac 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. 160485005 is the MICR code of Kotak Bank for Mani Majra Nac branch. MICR code for Mani Majra Nac 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 Mani Majra Nac is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Mani Majra Nac branch in chandigarh

The MICR code 160485005 is used in RBI cheque clearing process to identify the branch Mani Majra Nac 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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