Kotak Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Kotak Bank Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160485001
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	Chandigarh Sec 9
Contact	(0172) 5008600
Bank Details	Kotak Mahindra Bank Chandigarh Sec 9 KKBK0000282

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160017
Country	IN
Address	S.c.o. 153 -154 -155,sector 9 - c,madhya marg,chandigarh - 160 017

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 160485001 for Chandigarh Sec 9 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 160485001 of Kotak Mahindra Bank, Chandigarh Sec 9 branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chandigarh Sec 9 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Kotak Mahindra Bank are available with micr code -

>>Chandigarh Indu Area Phase One >>Chandigarh Sec 9 >>Chandigarh Sec Forty Six C >>Chandigarh Sec Seven >>Chandigarh Sec Sixteen >>Chandigarh Sector 27 Branch >>Chandigarh Sector 35 B Branch >>Mani Majra Nac

MICR code for Kotak Bank Chandigarh Sec 9

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 Chandigarh Sec 9 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. 160485001 is the MICR code of Kotak Bank for Chandigarh Sec 9 branch. MICR code for Chandigarh Sec 9 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 Chandigarh Sec 9 is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chandigarh Sec 9 branch in chandigarh

The MICR code 160485001 is used in RBI cheque clearing process to identify the branch Chandigarh Sec 9 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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