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 Alibag Road Pezari Branch branch in Raigad, Pezari, 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 Raigad or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code KKBK0001993. 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, Alibag Road Pezari Branch, Raigad
Below in the table are the key details related to IFSC Code KKBK0001993 of Kotak Mahindra Bank Limited for its branch located in Raigad, within the district of Pezari in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0001993 |
| Branch | Alibag Road Pezari Branch |
| City | Raigad |
| District | Pezari |
| State | Maharashtra |
| Address | Shop No A1 & A2, Ground Floor, House No. 360, Alibag Road, Pezari - 402108, Taluka Alibag, District Raigarh. Maharashtra |
These details helps users in online banking and for businesses and individuals who use Kotak Mahindra Bank Limited in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0001993 for the Alibag Road Pezari 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 Alibag Road Pezari Branch, Raigad, Maharashtra, are given a unique IFSC like KKBK0001993 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Raigad.
- 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 Raigad and Pezari.
- 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 Alibag Road Pezari 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 KKBK0001993
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 Alibag Road Pezari Branch in Raigad.
For example, the IFSC Code KKBK0001993 of Kotak Mahindra Bank Limited for the Alibag Road Pezari Branch branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for Kotak Mahindra Bank Limited?
To find the IFSC Code KKBK0001993 of Kotak Mahindra Bank Limited for its Alibag Road Pezari Branch branch located in Raigad, 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 Raigad and Pezari, 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 Alibag Road Pezari Branch or Raigad to find the exact IFSC Code KKBK0001993.
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 Raigad will provide accurate information.
How to Use IFSC Code KKBK0001993 for Online Transfers?
Once you have the IFSC Code KKBK0001993 for the Alibag Road Pezari Branch branch of Kotak Mahindra Bank Limited in Raigad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0001993. 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 KKBK0001993.
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 Alibag Road Pezari Branch in Raigad 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 Alibag Road Pezari 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 Raigad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0001993.
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 Shop No A1 & A2, Ground Floor, House No. 360, Alibag Road, Pezari - 402108, Taluka Alibag, District Raigarh. Maharashtra located in Raigad, Pezari, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.