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 Gokhivare Branch branch in Palghar, Vasai, 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 Palghar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code KKBK0001347. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kotak Mahindra Bank Limited, Gokhivare Branch, Palghar
The table below shows the main details of the IFSC Code KKBK0001347 for the Kotak Mahindra Bank Limited branch in Palghar, which falls under the Vasai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0001347 |
| Branch | Gokhivare Branch |
| City | Palghar |
| District | Vasai |
| State | Maharashtra |
| Address | Gokhivare Branch, Ground Floor, House No.1138, Neville House, Vasai Road (East), Gokhivare, Thane- 401208. |
These details helps users in online banking and for businesses and individuals who use Kotak Mahindra Bank Limited in Palghar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0001347 for the Gokhivare 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 Gokhivare Branch, Palghar, Maharashtra, are given a unique IFSC like KKBK0001347 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Palghar.
- 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 Palghar and Vasai.
- 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 Gokhivare 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 KKBK0001347
The format of the IFSC Code for banks, including Kotak Mahindra Bank Limited, has 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 Gokhivare Branch in Palghar.
For example, the IFSC Code KKBK0001347 of Kotak Mahindra Bank Limited for the Gokhivare Branch branch includes these elements, identifying the bank and the branch location in Palghar and Maharashtra correctly.
How to Find IFSC Code for Kotak Mahindra Bank Limited?
If you are trying to find the IFSC Code KKBK0001347 of Kotak Mahindra Bank Limited for its Gokhivare Branch branch located in Palghar, 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 Palghar and Vasai, 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 Gokhivare Branch or Palghar to get the exact IFSC Code KKBK0001347.
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 Palghar, you'll get the correct details.
How to Use IFSC Code KKBK0001347 for Online Transfers?
Once you have the IFSC Code KKBK0001347 for the Gokhivare Branch branch of Kotak Mahindra Bank Limited in Palghar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0001347. Transfers are processed in batches. This is 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. Requires the recipient's account details and Kotak Mahindra Bank Limited IFSC Code KKBK0001347.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Kotak Mahindra Bank Limited Gokhivare Branch in Palghar 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 Gokhivare Branch, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Palghar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0001347.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gokhivare Branch, Ground Floor, House No.1138, Neville House, Vasai Road (East), Gokhivare, Thane- 401208. located in Palghar, Vasai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.