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Find MICR code for Kotak Bank Mumbai Sion branches in India for NEFT and RTGS transfer

Kotak Bank Mumbai Sion MICR CODE

Find MICR Codes for Kotak Bank Mumbai Sion

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  1. Kotak Mahindra Bank »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. mumbai sion (w)

Find MICR Codes for Kotak Bank Mumbai Sion

MICR Code: 400485043
Bank: Kotak Mahindra Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mumbai Sion (W)
Contact: (022) 24081051
Bank Details: Kotak Mahindra Bank Mumbai Sion (W) KKBK0000635
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400022
Country: IN
Address: Kotak mahindra bank ltd.kum kum chs, jain society, off eastern express highway, behind dominos, sion (w) - 400022

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

MICR code for Kotak Bank mumbai sion

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 mumbai sion 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. is the MICR code of Kotak Bank for mumbai sion branch. MICR code for mumbai sion 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 mumbai sion is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for mumbai sion branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch mumbai sion 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.