Kotak Bank Rangareddy Hyderabad Telangana MICR CODE

Find MICR Codes for Kotak Bank Rangareddy Hyderabad Telangana

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hyderabad Lanco Hill
Contact 1800-4100
Bank Details Kotak Mahindra Bank Hyderabad Lanco Hill KKBK0008425
Location Rangareddy, Hyderabad
City Rangareddy
District Hyderabad
State Telangana
Pincode 500104
Country IN
Address Kotak mahindra bank ltd, 25, lake side league, lanco hills, lake road, sai vaibhav layout, hyderabad - 500104, telangana.
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 Hyderabad Lanco Hill 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, Hyderabad Lanco Hill branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Hyderabad Lanco Hill branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank Hyderabad Lanco Hill

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 Hyderabad Lanco Hill 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 Hyderabad Lanco Hill branch. MICR code for Hyderabad Lanco Hill 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 Hyderabad Lanco Hill is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Hyderabad Lanco Hill branch in rangareddy

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hyderabad Lanco Hill 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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