Kotak Bank Panaji North Goa Goa MICR CODE

Find MICR Codes for Kotak Bank Panaji North Goa Goa

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MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kokan Mercantile Co Op Bank Ltd Panjim Goa
Contact 022 23723753
Bank Details Kotak Mahindra Bank Kokan Mercantile Co Op Bank Ltd Panjim Goa KKBK0KMCB71
Location Panaji, North Goa
City Panaji
District North Goa
State Goa
Pincode 403001
Country IN
Address Kokan mercantile co-op bank ltd panjim (goa) 1st floor, el-dorado plaza, helidoro salgado road, panjim (goa)
MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panaji
Contact
Bank Details Kotak Mahindra Bank Panaji KKBK0002488
Location Panaji, North Goa
City Panaji
District North Goa
State Goa
Pincode 403001
Country IN
Address 99999999
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 north goa

You can search through MICR Codes of Goa branches in panaji of District north goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 2 branches of Kotak Mahindra Bank are available with micr code -

>>Kokan Mercantile Co Op Bank Ltd Panjim Goa >>Panaji

How to find MICR codes for Kotak Bank in panaji?

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

Kotak Mahindra Bank MICR code in panaji

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