Kotak Mahindra Bank IFSC is a unique identification code assigned by the RBI to each branch of the Bank for carrying out financial transactions. Kotak Mahindra Bank IFSC is composed of 11-alphanumeric characters which help RBI to keep a track of all the transactions taking part in various fund transfer systems.
Examples of the Kotak Mahindra Bank IFSC
KKBK0005702 is the IFSC Code of Gaya Branch, Bihar
KKBK0000332 is the IFSC code of Jorhat Branch, Assam
KKBK0000133 is the IFSC Code of Bilaspur Branch, Chandigarh
Format of the Kotak Mahindra Bank IFSC
IFSC code is structured in such a way that the initial 4 digits denote the bank the next digit remains zero and the last 6 digits denote the bank branch of Kotak Mahindra Bank. In the example stated below “KKBK” indicate Kotak Mahindra Bank, the fifth digit remains zero and the last six digits “00033” denote the Bank Branch.
BANK | ZERO | BRANCH | ||||||||
K | K | B | K | 0 | 0 | 0 | 0 | 1 | 3 | 3 |
Why do we need the Kotak Mahindra IFSC Code?
Think of IFSC code as a postal address of a bank. To transfer funds from one bank to another, this postal address acts as an essential parameter. Hence, the usage of the right IFSC Code helps to transfer money in an error-free manner.
Moreover, IFSC code aids the RBI to monitor all the transactions taking place across the country.
How to transfer money using the Kotak Mahindra Bank IFSC Code?
One can transfer money using the Kotak Mahindra Bank IFSC by the following three ways -
NEFT (National Electronic Fund Transfer)
- It is a country-wide fund transfer system introduced by the RBI wherein the funds are transferred in half-hourly batches
- NEFT is functional 24*7 throughout the year
- Funds are transferred only to the NEFT enabled banks on an individual basis
RTGS (Real-Time Gross Settlement)
- RTGS is a fund transfer system whereby funds are transferred in real-time basis without any delays
- RTGS is functional from 10 am to 6 pm according to the RBI
- Funds are transferred only to the RTGS enabled banks on a gross basis
IMPS (Immediate Payment System)
- It is a real-time interbank fund transfer system wherein funds are transferred 24*7 throughout the year
- There is no minimum limit for IMPS transactions but the maximum limit varies from bank to bank
How to find the Kotak Mahindra Bank IFSC Code & MICR Code?
One can choose any of the following ways to find Kotak Mahindra Bank IFSC –
- IFSC Tool Locator: One can visit the Paisabazaar IFSC Tool Locator and find the required IFSC and MICR Code by selecting the city, state and branch name from the drop-down.
- RBI Website: One can visit the RBI website and get the required IFSC and MICR codes by selecting the bank name and the branch name from the drop-down.
Where to find the Kotak Mahindra Bank IFSC Code?
Apart from the Paisabazaar IFSC Tool Locator and the RBI Website, one can choose any of the below-mentioned platforms to search for the required IFSC Code:
- Cheque Book: IFSC Code is usually printed on the bank’s chequebook. Hence one can refer to the chequebook for the same.
- Pass Book: Another way to find the IFSC is the Pass Book provided by the Kotak Mahindra Bank.
- Digital Banking Platforms: Digital banking platforms include the Netbanking and the Mobile banking facility of the bank. One can use these platforms to find out the IFSC.
What is the Kotak Mahindra Bank MICR Code?
MICR Code or Magnetic Ink Character Recognition Code is a unique 9-digit code usually printed at the bottom of a cheque. The code consists of 9 digits with every 3 digits signifying some essential.
Significance of MICR Code
MICR Code helps speed up the processing of cheques.
Examples of MICR Code
MICR Code | Branch |
823485002 | Gaya Branch, Bihar |
785485002 | Jorhat, Assam |
Where to find the Kotak Mahindra Bank MICR Code?
- Cheque Book: MICR Code is usually printed on the bank’s chequebook. Hence one can refer to the chequebook for the same.
- Pass Book: Another way to find the MICR Code is the Pass Book provided by the Kotak Mahindra Bank.
- Digital Banking Platforms: Digital banking platforms include the Netbanking and the Mobile banking facility of the bank. One can use these platforms to find out the MICR Code.
What is the Kotak Mahindra Bank Swift Code?
- SWIFT Code Stands Society for Worldwide Interbank Financial Telecommunication
- A SWIFT code is a unique code comprising of 8 to 11 digits used for fund transfer across the world
- This code is not used for fund transfer within the country, it is used for fund transfer on an international level
- One needs to contact the Kotak Mahindra Bank’s customer care department to get the required SWIFT Code
Difference between Kotak Mahindra Bank IFSC, MICR & SWIFT Code
IFSC Code | MICR Code | SWIFT Code |
IFSC or Indian Financial System Code is a unique 9-digit code assigned by the RBI to various bank branches across the country | MICR Code or Magnetic Ink Character Recognition Code is a unique 9-digit code usually printed at the bottom of a cheque | SWIFT Code or Society for Worldwide Interbank Financial Telecommunication is a unique code comprising of 8 to 11 digits used for fund transfer across the world |
This code is used for transferring funds between banks | MICR Code helps speed up the processing of cheques | This code helps to transfer funds at international levels |
Frequently Asked Questions (FAQs)
How to locate the nearest Kotak Mahindra Bank Branch from IFSC Code?
IFSC code is structured in such a way that the initial 4 digits denote the bank the next digit remains zero and the last 6 digits denote the bank branch of Kotak Mahindra Bank.
For example
Kotak Mahindra Bank | Sector 35 Chandigarh, Branch | |||||||||
K | K | B | K | 0 | 0 | 0 | 0 | 2 | 9 | 6 |
How to search Kotak Mahindra Bank IFSC Code by account number?
There is no possibility to search Kotak Mahindra Bank by account number instead one can use the followings ways to do so
- Paisabazaar IFSC Tool Locator
- Reserve Bank of India
- Kotak Mahindra Bank Cheque Book
- Kotak Mahindra Bank Digital Banking Platforms
Does Kotak Mahindra Bank Credit Card have IFSC Code?
No, a credit card does not have any kind IFSC Code.
Read More: Kotak Mahindra Bank Credit Card IFSC Code
What is the Kotak Mahindra Bank CIF Number?
A CIF Number is also known as Customer Information Number is an 11-digit code that helps various banks to decode the information of their customers.
What is Kotak Mahindra Bank BSR Code?
BSR Code also known as the Basic Statistical Return Code is allotted by the RBI to all the registered banks in the country.
BSR usually appears on the below-mentioned documents
- TDS certificates
- In OLTAS challan and deduct details
- In Challan Identification Number (CIN), which is unique for each challan
BSR Code Structure
BSR Code is structured in such a way that the initial 3 digits denote the bank and the remaining 4 indicate the bank branch.
How to find Kotak Mahindra Bank branch Code?
IFSC code is structured in such a way that the initial 4 digits denote the bank the next digit remains zero and the last 6 digits denote the bank branch of Kotak Mahindra Bank.