MICR CODE | 502485002 |
---|---|
Bank | Kotak Mahindra Bank Limited |
Branch | Sangareddy Branch |
IFSC Code | IFSC Code Kotak Mahindra Bank Limited |
Address | Gr Flr 5 1 107 4 Sanjeev Ngr Colony Main Rd Sangareddy Mandal Sangareddy Dist Medak Telangana 502001 |
City | Sangareddy |
State | Andhra Pradesh |
Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).