IFSC code for Kotak Mahindra Bank, Mumbai - vashi, Navi mumbai, Maharashtra
Updated on: Monday, July 1, 2024
IFSC CODE
KKBK0000669
Kotak Mahindra Bank
Mumbai - Vashi, Thane, Maharashtra
Address
47/48, Arenja Corner Premises Chs, Palm Beach Road, Sector-17, Vashi, Navi Mumbai Maharashtra 400 703
Kotak Mahindra Bank
Mumbai - Vashi, Thane, Maharashtra
Address
47/48, Arenja Corner Premises Chs, Palm Beach Road, Sector-17, Vashi, Navi Mumbai Maharashtra 400 703
Bank Details
IFSC Code
KKBK0000669
MICR Code
400485026
Bank Code
(Based on IFSC)
KKBK
Bank Code
(Based on MICR)
485
Contact
+9118602662666
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IFSC Code of Kotak Mahindra Bank
Every Kotak Mahindra Bank branch in India has a unique Kotak Mahindra Bank IFSC Code. Kotak Mahindra Bank IFSC Code enables Kotak Mahindra Bank account holders to send and receive money electronically. Kotak Mahindra Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Kotak Mahindra Bank IFSC Code KKBK0000669
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., KKBK, denotes the name of the bank which is Kotak Mahindra Bank.
The fifth character is 0.
The last six digits of the code, i.e., 000669, represents the branch which is Kotak Mahindra Bank
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MICR Code of Kotak Mahindra Bank
Every Kotak Mahindra Bank branch in India has a unique Kotak Mahindra Bank MICR Code. MICR code for Kotak Mahindra Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Kotak Mahindra Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
