Kotak Mahindra Bank Loknete R D Appa Kshirsagar Sahakari Bank
Loknete R D Appa Kshirsagar Sahakari Bank · Nashik, Maharashtra
422894501 is the MICR code for the Loknete R D Appa Kshirsagar Sahakari Bank branch of Kotak Mahindra Bank, located in Nashik, Maharashtra. 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 KKBK0MCBL01.
Bank
Kotak Mahindra Bank
Branch & Address
Loknete R D Appa Kshirsagar Sahakari Bank
Muktai Cooperative Bank LTD at Post Tal Niphad, Shani Chwok, Kardile Bhavan, Niphad, Nashik 422 303
Nashik, Niphad, Maharashtra
Contact
+912550241511MICR Code Structure
422
City
894
Bank
501
Branch
City code 422 identifies the RBI clearing centre, bank code 894 identifies Kotak Mahindra Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Kotak Mahindra Bank branches near Nashik
Other banks in Nashik, Maharashtra
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 (KKBK0MCBL01) 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 422894501 is in the middle, and your account number is on the right.