Kotak Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Pune Pune Maharashtra

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MICR Code	411485004
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	Pune Kondhave Khurd
Contact	(020) 26856103
Bank Details	Kotak Mahindra Bank Pune Kondhave Khurd KKBK0000724

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411001
Country	IN
Address	Kotak mahindra bank ltd. Ground & mezzanine floor, shop nos. 1, 2, 3 & 4, kesar house, plot no. 3, salunke vihar road, kondhwa, pune, maharashtra - 411 048.

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 411485004 for Pune Kondhave Khurd 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 411485004 of Kotak Mahindra Bank, Pune Kondhave Khurd branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Pune Kondhave Khurd branch, makes the characters readable even if there are other marks and stamps on it.

A total of 59 branches of Kotak Mahindra Bank are available with micr code -

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MICR code for Kotak Bank Pune Kondhave Khurd

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 Pune Kondhave Khurd 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. 411485004 is the MICR code of Kotak Bank for Pune Kondhave Khurd branch. MICR code for Pune Kondhave Khurd 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 Pune Kondhave Khurd is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Pune Kondhave Khurd branch in pune

The MICR code 411485004 is used in RBI cheque clearing process to identify the branch Pune Kondhave Khurd 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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