Kotak Bank Alibag Raigad Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Alibag Raigad Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alibag Road Pezari Branch
Contact 18001026022
Bank Details Kotak Mahindra Bank Alibag Road Pezari Branch KKBK0001993
Location Alibag, Raigad
City Alibag
District Raigad
State Maharashtra
Pincode 402108
Country IN
Address Kotak mahindra bank limited, shop no a1 & a2, ground floor, house no. 360, alibag road, pezari - 402108, taluka : alibag, district : raigarh. Maharashtra
MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alibag Branch Raigarh
Contact 18001026022
Bank Details Kotak Mahindra Bank Alibag Branch Raigarh KKBK0002006
Location Alibag, Raigad
City Alibag
District Raigad
State Maharashtra
Pincode 402201
Country IN
Address Kotak mahindra bank limited shop no 1 & 2, yash co-operative housing society ltd, plot no 26, shreebaug no. 3, alibag - 402201, taluka : alibag, district : raigarh. Maharashtra
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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 raigad

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

A total of 3 branches of Kotak Mahindra Bank are available with micr code -

>>Alibag Branch Raigarh >>Alibag Road Pezari Branch >>Awas Branch Raigarh

How to find MICR codes for Kotak Bank in alibag?

Kotak Bank alibag 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 alibag, one can further search by branch name specified in the table. You can find MICR codes for all Kotak Bank alibag branches.

Kotak Mahindra Bank MICR code in alibag

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for alibag 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 alibag, 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 alibag 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 alibag 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 alibag branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for alibag branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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