Kotak Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Kotak Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Visakhapatnam Coop Bank Ltd Dilsukhnagar
Contact 9912109205
Bank Details Kotak Mahindra Bank The Visakhapatnam Coop Bank Ltd Dilsukhnagar KKBK0VCBL02
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500068
Country IN
Address The visakhapatnam coop bank ltd dilsukhnagar d.no : 2-2-275, nagole x road, behind bpcl, petrol bunk, nagole, hyderabad,pin - 500068. A.p
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 500485257 for The Visakhapatnam Coop Bank Ltd Dilsukhnagar 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 500485257 of Kotak Mahindra Bank, The Visakhapatnam Coop Bank Ltd Dilsukhnagar branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for The Visakhapatnam Coop Bank Ltd Dilsukhnagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank The Visakhapatnam Coop Bank Ltd Dilsukhnagar

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 Visakhapatnam Coop Bank Ltd Dilsukhnagar 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. 500485257 is the MICR code of Kotak Bank for The Visakhapatnam Coop Bank Ltd Dilsukhnagar branch. MICR code for The Visakhapatnam Coop Bank Ltd Dilsukhnagar 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 Visakhapatnam Coop Bank Ltd Dilsukhnagar is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for The Visakhapatnam Coop Bank Ltd Dilsukhnagar branch in hyderabad

The MICR code 500485257 is used in RBI cheque clearing process to identify the branch The Visakhapatnam Coop Bank Ltd Dilsukhnagar 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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