Kotak Bank Akola Akola Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Akola Akola Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Agrasen Nagari Sahakari Bank Ltd Akola Branch
Contact 0724 2442130
Bank Details Kotak Mahindra Bank Agrasen Nagari Sahakari Bank Ltd Akola Branch KKBK0ANSB01
Location Akola, Akola
City Akola
District Akola
State Maharashtra
Pincode 444002
Country IN
Address Agrasen nagari sahakari bank ltd akola branch bhirad complex 1st floor gandhi chowk akola 44001
MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akola Branch
Contact
Bank Details Kotak Mahindra Bank Akola Branch KKBK0002050
Location Akola, Akola
City Akola
District Akola
State Maharashtra
Pincode 444001
Country IN
Address Ground floor shop nos 3 4 31 33 35 37 and 40 yamuna tarang complex nh no 6 vidya nagar akola 444001
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.

Search Kotak Bank MICR Codes in akola

You can search through MICR Codes of Maharashtra branches in akola of District akola in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 2 branches of Kotak Mahindra Bank are available with micr code -

>>Agrasen Nagari Sahakari Bank Ltd Akola Branch >>Akola Branch

How to find MICR codes for Kotak Bank in akola?

Kotak Bank akola MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Kotak Mahindra Bank MICR codes list for akola, one can further search by branch name specified in the table. You can find MICR codes for all Kotak Bank akola branches.

Kotak Mahindra Bank MICR code in akola

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for akola branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Kotak Bank branches in akola, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Kotak Bank MICR code for akola branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Kotak Bank akola branch, sprinted 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. Thus MICR code for Kotak Mahindra Bank akola branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for akola branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

Copied!