Kotak Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Kotak Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Kotak Mahindra Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shreemaya Square Branch
Contact
Bank Details	Kotak Mahindra Bank Shreemaya Square Branch KKBK0005951

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	Unit no 205 upper gr floor the grace milind kibe colony nr madhumilan talkies indore mp 452001

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 0 for Shreemaya Square Branch 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 0 of Kotak Mahindra Bank, Shreemaya Square Branch branch makes the system almost error free and faster. Use of Kotak Mahindra Bank MICR codes for Shreemaya Square Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of Kotak Mahindra Bank are available with micr code -

>>Annapurna Road Branch >>Bengali Square Branch >>Cloth Market Branch >>Greater Kailash Road Branch >>Indore >>Indore Airport Road >>Indore Lig Square >>Indore M G Road >>Indore Palda Branch >>Indore Pipliyahana >>Indore Scheme Fifty Four >>Indore Sukhliya >>Jawahar Marg Indore >>Khatiwala Tank Branch >>Navlakha Branch >>Shreemaya Square Branch >>Vijay Nagar Branch Indore

MICR code for Kotak Bank Shreemaya Square Branch

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 Shreemaya Square Branch 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. 0 is the MICR code of Kotak Bank for Shreemaya Square Branch branch. MICR code for Shreemaya Square Branch 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 Shreemaya Square Branch is presented in the table alongside.

Use of Kotak Mahindra Bank MICR code for Shreemaya Square Branch branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shreemaya Square Branch 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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