Kotak Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Mumbai Greater Bombay Maharashtra

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MICR Code	-NA-
Bank	Kotak Mahindra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Virtual Ecollection Branch
Contact
Bank Details	Kotak Mahindra Bank Virtual Ecollection Branch KKBK000VRTL

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400097
Country	IN
Address	Kotak it park 6th flr zone 3 buildg 21 off westn ex highway gen ak vaidya marg malad e mumbai 400097

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 0 for Virtual Ecollection 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 0 of Kotak Mahindra Bank, Virtual Ecollection Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Virtual Ecollection Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 112 branches of Kotak Mahindra Bank are available with micr code -

MICR code for Kotak Bank Virtual Ecollection 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 Virtual Ecollection 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. 0 is the MICR code of Kotak Bank for Virtual Ecollection Branch branch. MICR code for Virtual Ecollection 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 Virtual Ecollection Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Virtual Ecollection Branch branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Virtual Ecollection 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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