Kotak Bank Panjim North Goa Goa MICR CODE

Find MICR Codes for Kotak Bank Panjim North Goa Goa

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MICR Code	403485002
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	Panjim Park Plaza
Contact	(0832) 2421703
Bank Details	Kotak Mahindra Bank Panjim Park Plaza KKBK0000701

Location	Panjim, North Goa
City	Panjim
District	North Goa
State	Goa
Pincode	403001
Country	IN
Address	Ground floor, hotel park plaza, opp. Azad maidan, panjim, goa - 403001

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 403485002 for Panjim Park Plaza 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 403485002 of Kotak Mahindra Bank, Panjim Park Plaza branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Panjim Park Plaza branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Kotak Mahindra Bank are available with micr code -

>>Panjim Park Plaza

MICR code for Kotak Bank Panjim Park Plaza

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 Panjim Park Plaza 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. 403485002 is the MICR code of Kotak Bank for Panjim Park Plaza branch. MICR code for Panjim Park Plaza 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 Panjim Park Plaza is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Panjim Park Plaza branch in panjim

The MICR code 403485002 is used in RBI cheque clearing process to identify the branch Panjim Park Plaza 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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