There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Kotak Mahindra Bank Limited for its Mumbai - Borivali Sv Road branch in Mumbai Suburban, Mumbai, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Kotak Mahindra Bank Limited situated in Mumbai Suburban or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code KKBK0001490. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Kotak Mahindra Bank Limited, Mumbai - Borivali Sv Road, Mumbai Suburban
Here are the main details that are associated with the IFSC Code KKBK0001490 of Kotak Mahindra Bank Limited for its branch located in Mumbai Suburban, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0001490 |
| Branch | Mumbai - Borivali Sv Road |
| City | Mumbai Suburban |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor, Shop No 1 & 2, Wing A, Avirahi, S V Road, Borivali West, Mumbai - 400092 |
These details help 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 KKBK0001490 for the Mumbai - Borivali Sv Road 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Kotak Mahindra Bank Limited located in Mumbai - Borivali Sv Road, Mumbai Suburban, Maharashtra, is provided with a unique IFSC like KKBK0001490 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Kotak Mahindra Bank Limited branch in Mumbai Suburban.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mumbai Suburban and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Kotak Mahindra Bank Limited in Mumbai - Borivali Sv Road do not get mixed with another location.
Format of the IFSC Code KKBK0001490
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 - Borivali Sv Road in Mumbai Suburban.
For example, the IFSC Code KKBK0001490 of Kotak Mahindra Bank Limited for the Mumbai - Borivali Sv Road 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 KKBK0001490 of Kotak Mahindra Bank Limited for its Mumbai - Borivali Sv Road branch located in Mumbai Suburban, the following methods can help:
Cheque Book
The cheque books that are issued by Kotak Mahindra Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code 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 the passbook.
Bank Website
Visit the official website of Kotak Mahindra Bank Limited and find the branch locator section. Search for Mumbai - Borivali Sv Road or Mumbai Suburban to get the exact IFSC Code KKBK0001490.
Mobile Banking App
If you use Kotak Mahindra Bank Limited's mobile app, you can easily 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 to help you in searching for Kotak Mahindra Bank Limited and Mumbai Suburban that will provide accurate information.
How to Use IFSC Code KKBK0001490 for Online Transfers?
Once you have the IFSC Code KKBK0001490 for the Mumbai - Borivali Sv Road 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 KKBK0001490. 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 KKBK0001490.
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 - Borivali Sv Road in Mumbai Suburban, 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 - Borivali Sv Road, 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 Suburban manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0001490.
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, Shop No 1 & 2, Wing A, Avirahi, S V Road, Borivali West, Mumbai - 400092 located in Mumbai Suburban, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.