Kotak Bank Niphad Nasik Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Niphad Nasik Maharashtra

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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	Muktai Cooperative Bank Ltd Niphad
Contact	241511
Bank Details	Kotak Mahindra Bank Muktai Cooperative Bank Ltd Niphad KKBK0MCBL01

Location	Niphad, Nasik
City	Niphad
District	Nasik
State	Maharashtra
Pincode	422303
Country	IN
Address	Muktai cooperative bank ltd at post tal niphad, shani chwok, kardile bhavan, niphad, nashik 422 303

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

A total of 14 branches of Kotak Mahindra Bank are available with micr code -

>>Davachwadi Branch >>Dixi Branch >>Khadak Malegaon Niphad Branch >>Kokangaon Branch >>Kothure Branch >>Mauje Sukene Branch >>Mhalsakore Branch >>Muktai Cooperative Bank Ltd Niphad >>Nandur Madhyameshwar >>Nandurdi Branch >>Narayangaon Niphad Branch >>Niphad Branch >>Palkhed Branch >>The Niphad Urban Co Op Bank Ltd Niphad

MICR code for Kotak Bank Muktai Cooperative Bank Ltd Niphad

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 Muktai Cooperative Bank Ltd Niphad 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 Muktai Cooperative Bank Ltd Niphad branch. MICR code for Muktai Cooperative Bank Ltd Niphad 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 Muktai Cooperative Bank Ltd Niphad is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Muktai Cooperative Bank Ltd Niphad branch in niphad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Muktai Cooperative Bank Ltd Niphad 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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