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 Saliwada Branch branch in Jabalpur, Saliwada, Madhya Pradesh, 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 Jabalpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code KKBK0005961. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Kotak Mahindra Bank Limited, Saliwada Branch, Jabalpur

Here are the key points that are associated with the IFSC Code KKBK0005961 of Kotak Mahindra Bank Limited for its branch located in Jabalpur, within the district of Saliwada in the state of Madhya Pradesh.

Particulars Details
Bank Kotak Mahindra Bank Limited
IFSC Code KKBK0005961
Branch Saliwada Branch
City Jabalpur
District Saliwada
State Madhya Pradesh
Address Shop No 15 Plot No 20 1 Survey No 51 76 Saliwada Post Barela Tehsil District Jabalpur Mp 483001

These details help users in online banking and for businesses and individuals who use Kotak Mahindra Bank Limited in Jabalpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0005961 for the Saliwada Branch branch of Kotak Mahindra Bank Limited has a very 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 Saliwada Branch, Jabalpur, Madhya Pradesh, is provided a unique IFSC like KKBK0005961 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 Saliwada.
  • 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 Saliwada Branch do not get misguided to another person.

Format of the IFSC Code KKBK0005961

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 Saliwada Branch in Jabalpur.

For example, the IFSC Code KKBK0005961 of Kotak Mahindra Bank Limited for the Saliwada Branch 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?

If you are trying to find the IFSC Code KKBK0005961 of Kotak Mahindra Bank Limited for its Saliwada Branch branch located in Jabalpur, 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

You can easily find the IFSC and MICR codes because most banks, including Kotak Mahindra Bank Limited branches in Jabalpur and Saliwada, print them 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 Saliwada Branch or Jabalpur to get the exact IFSC Code KKBK0005961.

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 Jabalpur, you'll get the correct details.

How to Use IFSC Code KKBK0005961 for Online Transfers?

If you have the IFSC Code KKBK0005961 for the Saliwada Branch 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 KKBK0005961. 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 KKBK0005961.

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 Saliwada Branch in Jabalpur, it may result in delayed or failed transactions.

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 Saliwada Branch, 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 Jabalpur 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 Saliwada Branch, Jabalpur?

The IFSC Code is KKBK0005961.

Is the IFSC Code KKBK0005961 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 Saliwada Branch?

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 Saliwada Branch branch?

The address of the branch is Shop No 15 Plot No 20 1 Survey No 51 76 Saliwada Post Barela Tehsil District Jabalpur Mp 483001 located in Jabalpur, Saliwada, Madhya Pradesh.

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.