Kotak Bank Buti Bori Nagpur Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Buti Bori Nagpur Maharashtra

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MICR Code	440485003
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	Nagpur Butibori
Contact	(07103) 645495 / 96
Bank Details	Kotak Mahindra Bank Nagpur Butibori KKBK0000696

Location	Buti Bori, Nagpur
City	Buti Bori
District	Nagpur
State	Maharashtra
Pincode	441108
Country	IN
Address	Kotak mahindra bank ltd. Ground floor, shop no.10 - 14, 17- 19, & portion of shop no – 15, trimurti towers, plot no. 6,7,8,9, & 10 k, wardha road, butibori, nagpur - 441108

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 440485003 for Nagpur Butibori 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 440485003 of Kotak Mahindra Bank, Nagpur Butibori branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Nagpur Butibori 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 -

>>Nagpur Butibori >>The Chitnavispura Sahakari Bank Ltd Butibori

MICR code for Kotak Bank Nagpur Butibori

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 Nagpur Butibori 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. 440485003 is the MICR code of Kotak Bank for Nagpur Butibori branch. MICR code for Nagpur Butibori 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 Nagpur Butibori is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Nagpur Butibori branch in buti bori

The MICR code 440485003 is used in RBI cheque clearing process to identify the branch Nagpur Butibori 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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