The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Kotak Mahindra Bank Limited for its Jabalpur Gorakhpur Market branch in Jabalpur, Jabalpur, Madhya Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Kotak Mahindra Bank Limited located in Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code KKBK0005980. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kotak Mahindra Bank Limited, Jabalpur Gorakhpur Market, Jabalpur
Here are the main details that are associated with the IFSC Code KKBK0005980 of Kotak Mahindra Bank Limited for its branch located in Jabalpur, within the district of Jabalpur in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0005980 |
| Branch | Jabalpur Gorakhpur Market |
| City | Jabalpur |
| District | Jabalpur |
| State | Madhya Pradesh |
| Address | Kotak Mahindra Bank Ltd Shop No 625 Main Road Gorakhpur Market Jabalpur 482001 Madhya Pradesh |
These details are important not only for users using online banking but also for businesses and individuals who use Kotak Mahindra Bank Limited in Jabalpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KKBK0005980 for the Jabalpur Gorakhpur Market branch of Kotak Mahindra Bank Limited is vital.
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 Jabalpur Gorakhpur Market, Jabalpur, Madhya Pradesh, is provided a unique IFSC like KKBK0005980 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 Jabalpur.
- 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 Jabalpur and Jabalpur.
- 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Kotak Mahindra Bank Limited in Jabalpur Gorakhpur Market do not get misguided to another person.
Format of the IFSC Code KKBK0005980
This is the format of the IFSC Code for banks, including Kotak Mahindra Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Kotak Mahindra Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Jabalpur Gorakhpur Market in Jabalpur.
For example, the IFSC Code KKBK0005980 of Kotak Mahindra Bank Limited for the Jabalpur Gorakhpur Market branch includes these elements, identifying the bank and the branch location in Jabalpur and Madhya Pradesh accurately.
How to Find IFSC Code for Kotak Mahindra Bank Limited?
To find the IFSC Code KKBK0005980 of Kotak Mahindra Bank Limited for its Jabalpur Gorakhpur Market branch located in Jabalpur, the following methods can help you out:
Cheque Book
The cheque book issued by Kotak Mahindra Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Kotak Mahindra Bank Limited branches in Jabalpur and Jabalpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Kotak Mahindra Bank Limited and go to the branch locator section. Then search for Jabalpur Gorakhpur Market or Jabalpur to find the exact IFSC Code KKBK0005980.
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 maintains an updated database of all IFSC codes. Searching for Kotak Mahindra Bank Limited and Jabalpur will provide accurate information.
How to Use IFSC Code KKBK0005980 for Online Transfers?
If you have the IFSC Code KKBK0005980 for the Jabalpur Gorakhpur Market branch of Kotak Mahindra Bank Limited in Jabalpur, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0005980. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Kotak Mahindra Bank Limited IFSC Code KKBK0005980.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Kotak Mahindra Bank Limited Jabalpur Gorakhpur Market in Jabalpur, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Kotak Mahindra Bank Limited in Jabalpur Gorakhpur Market, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Jabalpur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0005980.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Kotak Mahindra Bank Ltd Shop No 625 Main Road Gorakhpur Market Jabalpur 482001 Madhya Pradesh located in Jabalpur, Jabalpur, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.