Kotak Bank Beed Chinchagavhan Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Beed Chinchagavhan Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chinchagavhan
Contact 1860-2662666
Bank Details Kotak Mahindra Bank Chinchagavhan KKBK0002099
Location Beed, Chinchagavhan
City Beed
District Chinchagavhan
State Maharashtra
Pincode 431131
Country IN
Address Upper ground floor, devdaya complex, gevrai road, sambhaji chowk, majalgaon, district beed, chinchagavhan 431131. Maharashtra
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 chinchagavhan

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

A total of 1 branches of Kotak Mahindra Bank are available with micr code -

>>Chinchagavhan

How to find MICR codes for Kotak Bank in beed?

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

Kotak Mahindra Bank MICR code in beed

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for beed 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 beed, 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 beed 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 beed 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 beed branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for beed 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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