Kotak Bank New Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Kotak Bank New Delhi New Delhi New Delhi

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Dehi Punjabi Bagh
Contact (011) 42256200
Bank Details Kotak Mahindra Bank New Dehi Punjabi Bagh KKBK0000174
Location New Delhi, New Delhi
City New Delhi
District New Delhi
State New Delhi
Pincode 110026
Country IN
Address 4 sector iv market,north - west avenue rd.,club road, punjabi bagh,
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 110485007 for New Dehi Punjabi Bagh 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 110485007 of Kotak Mahindra Bank, New Dehi Punjabi Bagh branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for New Dehi Punjabi Bagh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Kotak Bank New Dehi Punjabi Bagh

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 New Dehi Punjabi Bagh 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. 110485007 is the MICR code of Kotak Bank for New Dehi Punjabi Bagh branch. MICR code for New Dehi Punjabi Bagh 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 New Dehi Punjabi Bagh is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for New Dehi Punjabi Bagh branch in new delhi

The MICR code 110485007 is used in RBI cheque clearing process to identify the branch New Dehi Punjabi Bagh 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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