Kotak Bank Solapur Saundare Maharashtra MICR CODE

Find MICR Codes for Kotak Bank Solapur Saundare Maharashtra

MICR Code
Bank Kotak Mahindra Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saundare
Contact 1860-2662666
Bank Details Kotak Mahindra Bank Saundare KKBK0002120
Location Solapur, Saundare
City Solapur
District Saundare
State Maharashtra
Pincode 413411
Country IN
Address Kotak mahindra bank ltd survey no 59 male galli sulakhe high school road district solapur saundare 413411 maharashtra
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 saundare

You can search through MICR Codes of Maharashtra branches in solapur of District saundare 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 -

>>Saundare

How to find MICR codes for Kotak Bank in solapur?

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

Kotak Mahindra Bank MICR code in solapur

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