Kotak Bank Palghar Vaslai Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Palghar Vaslai Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vaslai
Contact 22-66006022
Bank Details Kotak Mahindra Bank Vaslai KKBK0002089
Location Palghar, Vaslai
City Palghar
District Vaslai
State Maharashtra
Pincode 401201
Country IN
Address Ahmed manzil, vaslai naka,kaular budruk, vaslai 401201
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 vaslai

You can search through MICR Codes of Maharashtra branches in palghar of District vaslai 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 -

>>Vaslai

How to find MICR codes for Kotak Bank in palghar?

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

Kotak Mahindra Bank MICR code in palghar

Kotak Bank MICR code is a character recognition technology used by banks in the processing of cheques. Kotak Mahindra Bank MICR code for palghar 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 palghar, 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 palghar 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 palghar 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 palghar branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Kotak Bank MICR codes for palghar 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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