Kotak Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Nashik Nashik Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik Anandvali
Contact 22-66006022
Bank Details Kotak Mahindra Bank Nashik Anandvali KKBK0002062
Location Nashik, Nashik
City Nashik
District Nashik
State Maharashtra
Pincode 422013
Country IN
Address Shop no 3 ground floor mezzanine floor samraat qubism gangapur road anandvali nashik 422 013
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 422485010 for Nashik Anandvali 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 422485010 of Kotak Mahindra Bank, Nashik Anandvali branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Nashik Anandvali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Kotak Mahindra Bank are available with micr code -

>>Bhanwad >>Dwarka Nashik Branch >>Indira Nagar Branch >>Nashik Anandvali >>Nashik Mhasrul >>Nasik >>Roongta Mall >>Sharanpur Branch >>Tidke Nagar Branch

MICR code for Kotak Bank Nashik Anandvali

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 Nashik Anandvali 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. 422485010 is the MICR code of Kotak Bank for Nashik Anandvali branch. MICR code for Nashik Anandvali 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 Nashik Anandvali is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Nashik Anandvali branch in nashik

The MICR code 422485010 is used in RBI cheque clearing process to identify the branch Nashik Anandvali 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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