For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Kotak Mahindra Bank Limited for its Silvassa branch in Dadra And Nagar Haveli, Silvassa, Dadra And Nagar Haveli, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Kotak Mahindra Bank Limited located in Dadra And Nagar Haveli or anywhere in Dadra And Nagar Haveli can transfer funds instantly by using the correct IFSC Code KKBK0000823. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Kotak Mahindra Bank Limited, Silvassa, Dadra And Nagar Haveli

The table below shows the main details of the IFSC Code KKBK0000823 for the Kotak Mahindra Bank Limited branch in Dadra And Nagar Haveli, which falls under the Silvassa district in Dadra And Nagar Haveli.

Particulars Details
Bank Kotak Mahindra Bank Limited
IFSC Code KKBK0000823
Branch Silvassa
City Dadra And Nagar Haveli
District Silvassa
State Dadra And Nagar Haveli
Address Shop No 1 ,2 , 3 ,4 & 5 Roshan Avenue Silvassa - Vapi Road Silvassa - 396230

These details are essential not only for online banking users but also for businesses and individuals who use Kotak Mahindra Bank Limited in Dadra And Nagar Haveli for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0000823 for the Silvassa branch of Kotak Mahindra Bank Limited plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Kotak Mahindra Bank Limited located in Silvassa, Dadra And Nagar Haveli, Dadra And Nagar Haveli, is provided a unique IFSC like KKBK0000823 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Kotak Mahindra Bank Limited branch in Dadra And Nagar Haveli.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Dadra And Nagar Haveli and Silvassa.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Dadra And Nagar Haveli and the rest of India, the IFSC Code ensures that transactions meant for Kotak Mahindra Bank Limited in Silvassa do not get misguided to another person.

Format of the IFSC Code KKBK0000823

The format of the IFSC Code for banks, including Kotak Mahindra Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Kotak Mahindra Bank Limited, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Silvassa in Dadra And Nagar Haveli.

For example, the IFSC Code KKBK0000823 of Kotak Mahindra Bank Limited for the Silvassa branch includes these elements, identifying the bank and the branch location in Dadra And Nagar Haveli and Dadra And Nagar Haveli accurately.

How to Find IFSC Code for Kotak Mahindra Bank Limited?

If you are trying to find the IFSC Code KKBK0000823 of Kotak Mahindra Bank Limited for its Silvassa branch located in Dadra And Nagar Haveli, the following methods can help:

Cheque Book

The cheque book issued by Kotak Mahindra Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Kotak Mahindra Bank Limited branches in Dadra And Nagar Haveli and Silvassa, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Kotak Mahindra Bank Limited and navigate to the branch locator section. Search for Silvassa or Dadra And Nagar Haveli to get the exact IFSC Code KKBK0000823.

Mobile Banking App

If you use Kotak Mahindra Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Kotak Mahindra Bank Limited and Dadra And Nagar Haveli, you'll get the correct details.

How to Use IFSC Code KKBK0000823 for Online Transfers?

Once you have the IFSC Code KKBK0000823 for the Silvassa branch of Kotak Mahindra Bank Limited in Dadra And Nagar Haveli, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code KKBK0000823. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Kotak Mahindra Bank Limited IFSC Code KKBK0000823.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Kotak Mahindra Bank Limited Silvassa in Dadra And Nagar Haveli, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Kotak Mahindra Bank Limited in Silvassa, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Kotak Mahindra Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Dadra And Nagar Haveli to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Kotak Mahindra Bank Limited in Silvassa, Dadra And Nagar Haveli?

The IFSC Code is KKBK0000823.

Is the IFSC Code KKBK0000823 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Kotak Mahindra Bank Limited Silvassa?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Silvassa branch?

The address of the branch is Shop No 1 ,2 , 3 ,4 & 5 Roshan Avenue Silvassa - Vapi Road Silvassa - 396230 located in Dadra And Nagar Haveli, Silvassa, Dadra And Nagar Haveli.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.