Kotak Bank Pipaliamandi Mandsaur Madhya Pradesh MICR CODE

Find MICR Codes for Kotak Bank Pipaliamandi Mandsaur Madhya Pradesh

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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	Piplya Mandi Branch
Contact	18001026022
Bank Details	Kotak Mahindra Bank Piplya Mandi Branch KKBK0005912

Location	Pipaliamandi, Mandsaur
City	Pipaliamandi
District	Mandsaur
State	Madhya Pradesh
Pincode	558664
Country	IN
Address	Kotak mahindra bank ltd, part of house no 19 & 20, plot no 16, ajay talkies road, ward no. 3, piplya mandi, tehsil : malhargarh, district - mandsaur, pin - 558 664. Madhya pradesh.

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 Piplya Mandi 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, Piplya Mandi Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Piplya Mandi 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 -

>>Piplya Mandi Branch

MICR code for Kotak Bank Piplya Mandi 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 Piplya Mandi 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 Piplya Mandi Branch branch. MICR code for Piplya Mandi 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 Piplya Mandi Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Piplya Mandi Branch branch in pipaliamandi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Piplya Mandi 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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