Kotak Bank Wagholi Pune Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Wagholi 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 Wagholi Branch
Contact
Bank Details Kotak Mahindra Bank Pune Wagholi Branch KKBK0001793
Location Wagholi, Pune
City Wagholi
District Pune
State Maharashtra
Pincode 412207
Country IN
Address Gr flr shankar ban complex gat 602 607 pune ngr rd nr care hospital wagholi maharashtra pin 412207
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 411485038 for Pune Wagholi 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 411485038 of Kotak Mahindra Bank, Pune Wagholi Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Pune Wagholi 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 -

>>Pune Wagholi Branch

MICR code for Kotak Bank Pune Wagholi 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 Pune Wagholi 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. 411485038 is the MICR code of Kotak Bank for Pune Wagholi Branch branch. MICR code for Pune Wagholi 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 Pune Wagholi Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Pune Wagholi Branch branch in wagholi

The MICR code 411485038 is used in RBI cheque clearing process to identify the branch Pune Wagholi 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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