Kotak Bank Indore Lala Kheda Madhya Pradesh MICR CODE

Find MICR Codes for Kotak Bank Indore Lala Kheda Madhya Pradesh

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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	Lala Kheda
Contact	1800-4100
Bank Details	Kotak Mahindra Bank Lala Kheda KKBK0006006

Location	Indore, Lala Kheda
City	Indore
District	Lala Kheda
State	Madhya Pradesh
Pincode	453551
Country	IN
Address	Kotak mahindra bank ltd, ward no. 4, near bus station, sanwer, indore, lala kheda - 453551, madhya pradesh.

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 Lala Kheda 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, Lala Kheda branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Lala Kheda 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 -

>>Lala Kheda

MICR code for Kotak Bank Lala Kheda

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 Lala Kheda 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 Lala Kheda branch. MICR code for Lala Kheda 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 Lala Kheda is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Lala Kheda branch in indore

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