Kotak Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for Kotak Bank Patiala Patiala Punjab

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MICR Code	147485002
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	Patiala New Leela Bhawan
Contact	(0175)6628617
Bank Details	Kotak Mahindra Bank Patiala New Leela Bhawan KKBK0000263

Location	Patiala, Patiala
City	Patiala
District	Patiala
State	Punjab
Pincode	147001
Country	IN
Address	No.116, 117, 118, 119, ground floor, sco no.116 & 117, basemant, new leela bhawan, patiala-147001, punjab, india

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 147485002 for Patiala New Leela Bhawan 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 147485002 of Kotak Mahindra Bank, Patiala New Leela Bhawan branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Patiala New Leela Bhawan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Kotak Mahindra Bank are available with micr code -

>>Duladi >>Mandi Gobindgarh Branch Patiala >>Patiala >>Patiala Dlf Colony >>Patiala New Leela Bhawan >>Phagwara >>Rajpura Patiala Road

MICR code for Kotak Bank Patiala New Leela Bhawan

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 Patiala New Leela Bhawan 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. 147485002 is the MICR code of Kotak Bank for Patiala New Leela Bhawan branch. MICR code for Patiala New Leela Bhawan 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 Patiala New Leela Bhawan is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Patiala New Leela Bhawan branch in patiala

The MICR code 147485002 is used in RBI cheque clearing process to identify the branch Patiala New Leela Bhawan 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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