Kotak Mahindra Bank Kokan Mercantile Co Op Bank LTD Panjim Goa
Kokan Mercantile Co Op Bank LTD Panjim Goa · Goa, Goa
403075002 is the MICR code for the Kokan Mercantile Co Op Bank LTD Panjim Goa branch of Kotak Mahindra Bank, located in Goa, Goa. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code KKBK0KMCB71.
Bank
Kotak Mahindra Bank
Branch & Address
Kokan Mercantile Co Op Bank LTD Panjim Goa
Kokan Mercantile Co-op Bank LTD Panjim (goa) 1st Floor, El-dorado Plaza, Helidoro Salgado Road, Panjim (goa)
Goa, Panjim, Goa
Contact
+918322230880MICR Code Structure
403
City
075
Bank
002
Branch
City code 403 identifies the RBI clearing centre, bank code 075 identifies Kotak Mahindra Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Kotak Mahindra Bank branches near Goa
Other banks in Goa, Goa
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (KKBK0KMCB71) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 403075002 is in the middle, and your account number is on the right.