Kotak Bank Thane Thane Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Thane Thane Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Thane Naupada
Contact (022) 67120953
Bank Details Kotak Mahindra Bank Thane Naupada KKBK0000655
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400602
Country IN
Address Gautam house co-operative society ltd, opp. Reliance web world, m. G. Road, naupada,
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 400485015 for Thane Naupada 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 400485015 of Kotak Mahindra Bank, Thane Naupada branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Thane Naupada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Thane Naupada

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 Thane Naupada 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. 400485015 is the MICR code of Kotak Bank for Thane Naupada branch. MICR code for Thane Naupada 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 Thane Naupada is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Thane Naupada branch in thane

The MICR code 400485015 is used in RBI cheque clearing process to identify the branch Thane Naupada 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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