Kotak Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Pune Pune 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	Narayan Laxmi Road Branch
Contact	66056620
Bank Details	Kotak Mahindra Bank Narayan Laxmi Road Branch KKBK0001775

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411030
Country	IN
Address	The city jewel mall below bhaggat tarachand 709 narayan laxmi road pune 411030

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 Narayan Laxmi Road 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, Narayan Laxmi Road Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Narayan Laxmi Road Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 59 branches of Kotak Mahindra Bank are available with micr code -

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MICR code for Kotak Bank Narayan Laxmi Road 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 Narayan Laxmi Road 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 Narayan Laxmi Road Branch branch. MICR code for Narayan Laxmi Road 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 Narayan Laxmi Road Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Narayan Laxmi Road Branch branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Narayan Laxmi Road 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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