Kotak Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Nagpur Nagpur Maharashtra

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Chitnavispura Sahakari Bank Ltd Sakkardara
Contact 0712-2754346
Bank Details Kotak Mahindra Bank The Chitnavispura Sahakari Bank Ltd Sakkardara KKBK0TCSB05
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440024
Country IN
Address The chitnavispura sahakari bank ltd sakkardara chole bhavan sakkardara nagpur
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 440199005 for The Chitnavispura Sahakari Bank Ltd Sakkardara 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 440199005 of Kotak Mahindra Bank, The Chitnavispura Sahakari Bank Ltd Sakkardara branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for The Chitnavispura Sahakari Bank Ltd Sakkardara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank The Chitnavispura Sahakari Bank Ltd Sakkardara

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 The Chitnavispura Sahakari Bank Ltd Sakkardara 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. 440199005 is the MICR code of Kotak Bank for The Chitnavispura Sahakari Bank Ltd Sakkardara branch. MICR code for The Chitnavispura Sahakari Bank Ltd Sakkardara 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 The Chitnavispura Sahakari Bank Ltd Sakkardara is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for The Chitnavispura Sahakari Bank Ltd Sakkardara branch in nagpur

The MICR code 440199005 is used in RBI cheque clearing process to identify the branch The Chitnavispura Sahakari Bank Ltd Sakkardara 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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