Kotak Mahindra Bank, PEN BRANCH

Here is the IFSC & MICR Codes of Kotak Mahindra Bank, PEN BRANCH, RAIGAD, MAHARASHTRA. Also get the latest address, contact number of Kotak Mahindra Bank, PEN BRANCH.

IFSC Code: KKBK0001985
Branch: PEN BRANCH
Address: SHOP NO 2,3,4,5 & HALL, GROUND FLOOR, M N PATIL SAHAKAR BHAVAN, PLOT NO. C-14, MHADA COLONY, ANTORA PHATA, PEN - 402107, DISTRICT - RAIGAD, MAHARASHTRA
Bank Code: KKBK
MICR: 402485051

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Frequently asked questions

What's the IFSC Code of PEN BRANCH, Kotak Mahindra Bank?: The IFSC Code of PEN BRANCH, Kotak Mahindra Bank is KKBK0001985.
What's the Address of PEN BRANCH, Kotak Mahindra Bank?: The Address of PEN BRANCH, Kotak Mahindra Bank is SHOP NO 2,3,4,5 & HALL, GROUND FLOOR, M N PATIL SAHAKAR BHAVAN, PLOT NO. C-14, MHADA COLONY, ANTORA PHATA, PEN - 402107, DISTRICT - RAIGAD, MAHARASHTRA.
What's the MICR Code of PEN BRANCH, Kotak Mahindra Bank?: The MICR Code of PEN BRANCH, Kotak Mahindra Bank is 402485051.
What's the District PEN BRANCH, Kotak Mahindra Bank falls under?: The District PEN BRANCH, Kotak Mahindra Bank falls under is PEN.

Definition

What is IFSC Code

IFSC stands for Indian Financial System Code. It is a unique 11-character code assigned by the Reserve Bank of India (RBI) to identify every bank branch participating in the NEFT (National Electronic Funds Transfer) system in India.

The IFSC code is used to facilitate electronic money transfers between banks in India. It is used to identify the sender and receiver bank branches, ensuring that the money is credited to the correct account. The IFSC code is made up of three parts:

The first four characters represent the bank code, identifying the bank that the branch belongs to.
The fifth character is always a zero, reserved for future use.
The last six characters represent the branch code, identifying the specific branch of the bank.

For example, the IFSC code for the State Bank of India's Mumbai Fort branch is SBIN0000300. In this code, "SBIN" is the bank code for State Bank of India, "0" is a reserved character, and "000300" is the branch code for the Mumbai Fort branch.

IFSC codes are used in many types of electronic transactions, including NEFT, RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service).