Kotak Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Pune Pune Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Pimpri Chinchwad
Contact (020) 66204512
Bank Details Kotak Mahindra Bank Pune Pimpri Chinchwad KKBK0000725
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411019
Country IN
Address Kotak mahindra bank ltd. Ground shop no 75 and 76 basement part of shop 4/ 4a kunal plaza, cts no 453 l, station road, chinchwad, pune, maharashtra - 411 019.
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 411485006 for Pune Pimpri Chinchwad 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 411485006 of Kotak Mahindra Bank, Pune Pimpri Chinchwad branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Pune Pimpri Chinchwad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Pune Pimpri Chinchwad

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 Pimpri Chinchwad 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. 411485006 is the MICR code of Kotak Bank for Pune Pimpri Chinchwad branch. MICR code for Pune Pimpri Chinchwad 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 Pimpri Chinchwad is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Pune Pimpri Chinchwad branch in pune

The MICR code 411485006 is used in RBI cheque clearing process to identify the branch Pune Pimpri Chinchwad 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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