Kotak Bank Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Kotak Bank Mohali Rupnagar Punjab

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MICR Code	160485002
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	Mohali B Ii
Contact	(0172) 5044200
Bank Details	Kotak Mahindra Bank Mohali B Ii KKBK0000254

Location	Mohali, Rupnagar
City	Mohali
District	Rupnagar
State	Punjab
Pincode	140307
Country	IN
Address	Scf 108,phase 3, b-ii, mohali, punjab-160059

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 160485002 for Mohali B Ii 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 160485002 of Kotak Mahindra Bank, Mohali B Ii branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Mohali B Ii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Kotak Mahindra Bank are available with micr code -

>>Mohali B Ii >>Mohali Branch

MICR code for Kotak Bank Mohali B Ii

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 Mohali B Ii 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. 160485002 is the MICR code of Kotak Bank for Mohali B Ii branch. MICR code for Mohali B Ii 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 Mohali B Ii is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Mohali B Ii branch in mohali

The MICR code 160485002 is used in RBI cheque clearing process to identify the branch Mohali B Ii 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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