Kotak Bank Nagapur Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Nagapur Ahmadnagar Maharashtra

Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagapur Branch
Bank Details Kotak Mahindra Bank Nagapur Branch KKBK0001981
Location Nagapur, Ahmadnagar
City Nagapur
District Ahmadnagar
State Maharashtra
Pincode 414111
Country IN
Address Kotak mahindra bank ltd, nagapur branch, ashwini chambers, plot no.3, near dr. Dongre complex, wadgaon road chawk, ngar-manmad road, nagapur(ct), tal: nagar, dist: ahmednagar, maharashtra-414111
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 ahmadnagar

You can search through MICR Codes of Maharashtra branches in nagapur of District ahmadnagar 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 -

>>Nagapur Branch

How to find MICR codes for Kotak Bank in nagapur?

Kotak Bank nagapur 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 nagapur, one can further search by branch name specified in the table. You can find MICR codes for all Kotak Bank nagapur branches.

Kotak Mahindra Bank MICR code in nagapur

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for nagapur 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 nagapur, 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 nagapur 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 nagapur 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 nagapur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for nagapur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!