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 Lbs Road Bhandup Branch branch in Mumbai Suburban, 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 Suburban or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code KKBK0001346. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kotak Mahindra Bank Limited, Lbs Road Bhandup Branch, Mumbai Suburban
The table below shows the main details of the IFSC Code KKBK0001346 for the Kotak Mahindra Bank Limited branch in Mumbai Suburban, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0001346 |
| Branch | Lbs Road Bhandup Branch |
| City | Mumbai Suburban |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor & First Floor, Hotel Pride, Lbs Road, Bhandup ( West), Mumbai-400078 |
These details helps users in online banking and for businesses and individuals who use Kotak Mahindra Bank Limited in Mumbai Suburban for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0001346 for the Lbs Road Bhandup Branch 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 provided by the Reserve Bank of India. Every bank branch, along with Kotak Mahindra Bank Limited located in Lbs Road Bhandup Branch, Mumbai Suburban, Maharashtra, are given a unique IFSC like KKBK0001346 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mumbai Suburban.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Mumbai Suburban and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Kotak Mahindra Bank Limited in Lbs Road Bhandup Branch goes to the correct branch. This is important because Kotak Mahindra Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code KKBK0001346
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 Lbs Road Bhandup Branch in Mumbai Suburban.
For example, the IFSC Code KKBK0001346 of Kotak Mahindra Bank Limited for the Lbs Road Bhandup Branch branch has these elements, identifying the bank and the branch location in Mumbai Suburban and Maharashtra correctly.
How to Find IFSC Code for Kotak Mahindra Bank Limited?
If you are trying to find the IFSC Code KKBK0001346 of Kotak Mahindra Bank Limited for its Lbs Road Bhandup Branch branch located in Mumbai Suburban, 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 Mumbai Suburban and Mumbai, 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 Lbs Road Bhandup Branch or Mumbai Suburban to get the exact IFSC Code KKBK0001346.
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 Mumbai Suburban, you'll get the correct details.
How to Use IFSC Code KKBK0001346 for Online Transfers?
Once you have the IFSC Code KKBK0001346 for the Lbs Road Bhandup Branch branch of Kotak Mahindra Bank Limited in Mumbai Suburban, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0001346. 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 KKBK0001346.
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 Lbs Road Bhandup Branch in Mumbai Suburban, it can 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 Lbs Road Bhandup 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 Mumbai Suburban to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0001346.
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 Ground Floor & First Floor, Hotel Pride, Lbs Road, Bhandup ( West), Mumbai-400078 located in Mumbai Suburban, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.