Kotak Bank Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Panvel Raigad Maharashtra

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 Panvel
Contact 022 23723753
Bank Details Kotak Mahindra Bank Kokan Mercantile Co Op Bank Ltd Panvel KKBK0KMCB14
Location Panvel, Raigad
City Panvel
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Kokan mercantile co-op bank ltd panvel gala#143, bldg# 1&2,panvel nagar parishad shopping centre, near panvel tehsildar office, panvel,dist.raigad.
MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panvel Branch
Contact 18001026022
Bank Details Kotak Mahindra Bank Panvel Branch KKBK0001369
Location Panvel, Raigad
City Panvel
District Raigad
State Maharashtra
Pincode 410206
Country IN
Address Kotak mahindra bank limited panvel branch ground floor, shop no.2 & office no.2, first floor and mezzanine floor “karnala royal” panvel-410206
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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 raigad

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

A total of 3 branches of Kotak Mahindra Bank are available with micr code -

>>Kokan Mercantile Co Op Bank Ltd Panvel >>New Panvel Sector Nineteen >>Panvel Branch

How to find MICR codes for Kotak Bank in panvel?

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

Kotak Mahindra Bank MICR code in panvel

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