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 Mumbai - Crawford Market branch in Mumbai, Mumbai, Maharashtra, 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 Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code KKBK0000673. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kotak Mahindra Bank Limited, Mumbai - Crawford Market, Mumbai
Here are the main details that are associated with the IFSC Code KKBK0000673 of Kotak Mahindra Bank Limited for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0000673 |
| Branch | Mumbai - Crawford Market |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | ┬Á 13/14,Ashoka Shopping Centre, G.T Hospital Complex, L.T.Marg,Crawford Market, Mumbai, Maharashtra - 400 001. |
These details helps users in online banking and for businesses and individuals who use Kotak Mahindra Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0000673 for the Mumbai - Crawford Market branch of Kotak Mahindra Bank Limited plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like KKBK0000673 is given to every bank branch, including Kotak Mahindra Bank Limited located in Mumbai - Crawford Market, Mumbai, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Kotak Mahindra Bank Limited branch in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Mumbai and Mumbai.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Kotak Mahindra Bank Limited in Mumbai - Crawford Market doesn't end up at another location.
Format of the IFSC Code KKBK0000673
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): These represent the bank code. In Kotak Mahindra Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Mumbai - Crawford Market in Mumbai.
For example, the IFSC Code KKBK0000673 of Kotak Mahindra Bank Limited for the Mumbai - Crawford Market branch has these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Kotak Mahindra Bank Limited?
To find the IFSC Code KKBK0000673 of Kotak Mahindra Bank Limited for its Mumbai - Crawford Market branch located in Mumbai, 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 Mumbai and Mumbai, 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 Mumbai - Crawford Market or Mumbai to find the exact IFSC Code KKBK0000673.
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 Mumbai will provide accurate information.
How to Use IFSC Code KKBK0000673 for Online Transfers?
Once you have the IFSC Code KKBK0000673 for the Mumbai - Crawford Market branch of Kotak Mahindra Bank Limited in Mumbai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0000673. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Kotak Mahindra Bank Limited IFSC Code KKBK0000673.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Kotak Mahindra Bank Limited Mumbai - Crawford Market in Mumbai, it can 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 Mumbai - Crawford 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 Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0000673.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is ┬Á 13/14,Ashoka Shopping Centre, G.T Hospital Complex, L.T.Marg,Crawford Market, Mumbai, Maharashtra - 400 001. located in Mumbai, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.