Kotak Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Kotak Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gurgaon Sec Forty Nine
Contact 1860-2662666
Bank Details Kotak Mahindra Bank Gurgaon Sec Forty Nine KKBK0004387
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122001
Country IN
Address Kotak mahindra bank ltd g29 element one sector 49 gurugram 122001 haryana
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 Gurgaon Sec Forty Nine 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, Gurgaon Sec Forty Nine branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Gurgaon Sec Forty Nine branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Gurgaon Sec Forty Nine

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 Gurgaon Sec Forty Nine 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 Gurgaon Sec Forty Nine branch. MICR code for Gurgaon Sec Forty Nine 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 Gurgaon Sec Forty Nine is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Gurgaon Sec Forty Nine branch in gurgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gurgaon Sec Forty Nine 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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