Kotak Bank Parner Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Parner Ahmadnagar Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Parner Taluka Sainik Sahakari Bank Ltd Parner Branch
Contact 02488-221950
Bank Details Kotak Mahindra Bank Parner Taluka Sainik Sahakari Bank Ltd Parner Branch KKBK0PTSB01
Location Parner, Ahmadnagar
City Parner
District Ahmadnagar
State Maharashtra
Pincode 414302
Country IN
Address Parner taluka sainik sahakari bank ltd, parner branch, shivaji road parner dist ahmednagar 414302
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 Parner Taluka Sainik Sahakari Bank Ltd Parner 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, Parner Taluka Sainik Sahakari Bank Ltd Parner Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Parner Taluka Sainik Sahakari Bank Ltd Parner Branch 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 -

>>Parner Taluka Sainik Sahakari Bank Ltd Parner Branch

MICR code for Kotak Bank Parner Taluka Sainik Sahakari Bank Ltd Parner 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 Parner Taluka Sainik Sahakari Bank Ltd Parner 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 Parner Taluka Sainik Sahakari Bank Ltd Parner Branch branch. MICR code for Parner Taluka Sainik Sahakari Bank Ltd Parner 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 Parner Taluka Sainik Sahakari Bank Ltd Parner Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Parner Taluka Sainik Sahakari Bank Ltd Parner Branch branch in parner

The MICR code 0 is used in RBI cheque clearing process to identify the branch Parner Taluka Sainik Sahakari Bank Ltd Parner 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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