Kotak Bank Pune Chandoli Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Pune Chandoli Maharashtra

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MICR Code	-NA-
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	Chandoli
Contact	1860-2662666
Bank Details	Kotak Mahindra Bank Chandoli KKBK0002153

Location	Pune, Chandoli
City	Pune
District	Chandoli
State	Maharashtra
Pincode	410505
Country	IN
Address	Kotak mahindra bank ltd, shop no. G- 8, 9, 29, 30, sai plaza, pune - nashik highway, bazarpeth, rajgurunagar, pune, chandoli - 410505. 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.

How does MICR code 0 for Chandoli 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 0 of Kotak Mahindra Bank, Chandoli branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Chandoli 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 -

>>Chandoli

MICR code for Kotak Bank Chandoli

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 Chandoli 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. 0 is the MICR code of Kotak Bank for Chandoli branch. MICR code for Chandoli 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 Chandoli is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Chandoli branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chandoli 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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