Kotak Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Kotak Bank Panchkula Panchkula Haryana

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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	Panchkula Sec Sixteen
Contact	1860-2662666
Bank Details	Kotak Mahindra Bank Panchkula Sec Sixteen KKBK0004905

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134109
Country	IN
Address	Kotak mahindra bank ltd, sco - 07, sector -16, urban estate, panchkula - 134109. Haryana

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

A total of 4 branches of Kotak Mahindra Bank are available with micr code -

>>Panchkula Branch >>Panchkula Sec Sixteen >>Panchkula Sec Twenty Five >>Panchkula Sector 9

MICR code for Kotak Bank Panchkula Sec Sixteen

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 Panchkula Sec Sixteen 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 Panchkula Sec Sixteen branch. MICR code for Panchkula Sec Sixteen 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 Panchkula Sec Sixteen is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Panchkula Sec Sixteen branch in panchkula

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panchkula Sec Sixteen 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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