Kotak Mahindra Bank Muchkur
Muchkur · Nizamabad, Telangana
503485582 is the MICR code for the Muchkur branch of Kotak Mahindra Bank, located in Nizamabad, Telangana. 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 KKBK0008369.
Bank
Kotak Mahindra Bank
Branch & Address
Muchkur
Kotak Mahindra Bank Ltd. Ground Floor, House No. 7-88/2, Beemgal Road, Beside Zph School, Muchkur - 503307 Telangana.
Nizamabad, Muchkur, Telangana
Contact
+9118004100MICR Code Structure
503
City
485
Bank
582
Branch
City code 503 identifies the RBI clearing centre, bank code 485 identifies Kotak Mahindra Bank, and branch code 582 identifies this specific branch.
Online Payment Methods Supported
Other Kotak Mahindra Bank branches near Nizamabad
Other banks in Nizamabad, Telangana
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 (KKBK0008369) 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 503485582 is in the middle, and your account number is on the right.