Kotak Bank Visakhapatnam Vishakapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Kotak Bank Visakhapatnam Vishakapatnam Andhra Pradesh

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MICR Code	530485002
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	Vishakhapatnam
Contact	(0891) 6646720/19
Bank Details	Kotak Mahindra Bank Vishakhapatnam KKBK0000556

Location	Visakhapatnam, Vishakapatnam
City	Visakhapatnam
District	Vishakapatnam
State	Andhra Pradesh
Pincode	530003
Country	IN
Address	Kotak mahindra bank ltd.ground floor, unit g-1 door no.10-1-8, the landmark, waltair uplands, vishakhapatnam - 530 003.

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 530485002 for Vishakhapatnam 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 530485002 of Kotak Mahindra Bank, Vishakhapatnam branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Vishakhapatnam 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 -

>>Vishakhapatnam

MICR code for Kotak Bank Vishakhapatnam

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 Vishakhapatnam 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. 530485002 is the MICR code of Kotak Bank for Vishakhapatnam branch. MICR code for Vishakhapatnam 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 Vishakhapatnam is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Vishakhapatnam branch in visakhapatnam

The MICR code 530485002 is used in RBI cheque clearing process to identify the branch Vishakhapatnam 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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