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 Kokan Mercantile Co Op Bank Ltd Mhasla branch in Raigad, Mhasala, 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 Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code KKBK0KMCB54. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kotak Mahindra Bank Limited, Kokan Mercantile Co Op Bank Ltd Mhasla, Raigad
Below in the table are the key details related to IFSC Code KKBK0KMCB54 of Kotak Mahindra Bank Limited for its branch located in Raigad, within the district of Mhasala in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Kotak Mahindra Bank Limited |
| IFSC Code | KKBK0KMCB54 |
| Branch | Kokan Mercantile Co Op Bank Ltd Mhasla |
| City | Raigad |
| District | Mhasala |
| State | Maharashtra |
| Address | Kokan Mercantile Co-Op Bank Ltd Mhasla Ghansar Commercial Complex,Main Road, Near S.T.Stand,Mhasla, At & Post & Tal. Mhasla Dist. Raigad 402 105. |
These details are essential not only for online banking users but also for businesses and individuals who use Kotak Mahindra Bank Limited in Raigad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KKBK0KMCB54 for the Kokan Mercantile Co Op Bank Ltd Mhasla branch of Kotak Mahindra Bank Limited plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Kotak Mahindra Bank Limited located in Kokan Mercantile Co Op Bank Ltd Mhasla, Raigad, Maharashtra, is provided a unique IFSC like KKBK0KMCB54 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Kotak Mahindra Bank Limited branch in Raigad.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Raigad and Mhasala.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Kotak Mahindra Bank Limited in Kokan Mercantile Co Op Bank Ltd Mhasla do not get misguided to another person.
Format of the IFSC Code KKBK0KMCB54
This is the format of the IFSC Code for banks, including Kotak Mahindra Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Kotak Mahindra Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Kokan Mercantile Co Op Bank Ltd Mhasla in Raigad.
For example, the IFSC Code KKBK0KMCB54 of Kotak Mahindra Bank Limited for the Kokan Mercantile Co Op Bank Ltd Mhasla 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?
If you are trying to find the IFSC Code KKBK0KMCB54 of Kotak Mahindra Bank Limited for its Kokan Mercantile Co Op Bank Ltd Mhasla branch located in Raigad, 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 Raigad and Mhasala, 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 Kokan Mercantile Co Op Bank Ltd Mhasla or Raigad to get the exact IFSC Code KKBK0KMCB54.
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 Raigad that will provide accurate information.
How to Use IFSC Code KKBK0KMCB54 for Online Transfers?
Once you have the IFSC Code KKBK0KMCB54 for the Kokan Mercantile Co Op Bank Ltd Mhasla branch of Kotak Mahindra Bank Limited in Raigad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KKBK0KMCB54. 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 KKBK0KMCB54.
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 Kokan Mercantile Co Op Bank Ltd Mhasla in Raigad, 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 Kokan Mercantile Co Op Bank Ltd Mhasla, 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 Raigad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KKBK0KMCB54.
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 Kokan Mercantile Co-Op Bank Ltd Mhasla Ghansar Commercial Complex,Main Road, Near S.T.Stand,Mhasla, At & Post & Tal. Mhasla Dist. Raigad 402 105. located in Raigad, Mhasala, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.