Kotak Bank Ramgarh Marar Jharkhand MICR CODE

Find MICR Codes for Kotak Bank Ramgarh Marar Jharkhand

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MICR Code	-NA-
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	Marar
Contact	22-66006022
Bank Details	Kotak Mahindra Bank Marar KKBK0005794

Location	Ramgarh, Marar
City	Ramgarh
District	Marar
State	Jharkhand
Pincode	829117
Country	IN
Address	Plot no 1016 opposite dr geeta sinha hospital mandu seota ranchi hazaribaug road 829117 marar jharkhand

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

A total of 1 branches of Kotak Mahindra Bank are available with micr code -

>>Marar

MICR code for Kotak Bank Marar

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 Marar 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 Marar branch. MICR code for Marar 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 Marar is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Marar branch in ramgarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Marar 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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