Kotak Mahindra Bank Indira Mahila Sahakari Bank LTD H O Branch
Indira Mahila Sahakari Bank LTD H O Branch · Nashik, Maharashtra
423807101 is the MICR code for the Indira Mahila Sahakari Bank LTD H O Branch 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 KKBK0IMSB01.
Bank
Kotak Mahindra Bank
Branch & Address
Indira Mahila Sahakari Bank LTD H O Branch
Indira Mahila Sahakari Bank LTD H O- Branch Vatsalya Mamledar Galli, Budwhar Peth, 314/315, Malegaon - 423203(tal Malegaon, Dist - Nashik)
Nashik, Malegaon, Maharashtra
Contact
+917507228330MICR Code Structure
423
City
807
Bank
101
Branch
City code 423 identifies the RBI clearing centre, bank code 807 identifies Kotak Mahindra Bank, and branch code 101 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 (KKBK0IMSB01) 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 423807101 is in the middle, and your account number is on the right.