Kotak Bank Panipat Panipat Haryana MICR CODE

Find MICR Codes for Kotak Bank Panipat Panipat Haryana

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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	Model Town Panipat Branch
Contact
Bank Details	Kotak Mahindra Bank Model Town Panipat Branch KKBK0004367

Location	Panipat, Panipat
City	Panipat
District	Panipat
State	Haryana
Pincode	132103
Country	IN
Address	Ground floor and basement 20 gole market model town panipat 132103

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 Model Town Panipat 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 0 of Kotak Mahindra Bank, Model Town Panipat Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Model Town Panipat Branch 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 -

>>Model Town Panipat Branch >>Panipat Branch >>Panipat Huda Sec Eleven

MICR code for Kotak Bank Model Town Panipat 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 Model Town Panipat 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. 0 is the MICR code of Kotak Bank for Model Town Panipat Branch branch. MICR code for Model Town Panipat 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 Model Town Panipat Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Model Town Panipat Branch branch in panipat

The MICR code 0 is used in RBI cheque clearing process to identify the branch Model Town Panipat 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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