Kotak Bank Matunga Mumbai Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Matunga Mumbai Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Matunga Branch
Contact (022) 24175933/34/39
Bank Details Kotak Mahindra Bank Matunga Branch KKBK0000644
Location Matunga, Mumbai
City Matunga
District Mumbai
State Maharashtra
Pincode 400019
Country IN
Address Kotak mahindra bank ltd, raj niketan, bhandarkar road, matunga, mumbai maharashtra - 400 019
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.

Search Kotak Bank MICR Codes in mumbai

You can search through MICR Codes of Maharashtra branches in matunga of District mumbai in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Kotak Mahindra Bank are available with micr code -

>>Matunga Branch

How to find MICR codes for Kotak Bank in matunga?

Kotak Bank matunga MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Kotak Mahindra Bank MICR codes list for matunga, one can further search by branch name specified in the table. You can find MICR codes for all Kotak Bank matunga branches.

Kotak Mahindra Bank MICR code in matunga

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for matunga branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Kotak Bank branches in matunga, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Kotak Bank MICR code for matunga branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Kotak Bank matunga branch, sprinted 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. Thus MICR code for Kotak Mahindra Bank matunga branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for matunga branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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