Chandigarh Kotak Mahindra Bank Limited ifsc code

Indian Financial System Code (IFSC)

Indian Financial System Code (IFSC): This code is used for all type of electronic payments mode. There are various use cases of IFSC code like

National Electronic Funds Transfer (NEFT)

This tranfer mode is one of the most used electronic funds transfer systems of India. This payment mode was started in Nov.-2005. This fund transfer facility is executed in hourly basis which resulting some time lag. NEFT facilities using ifsc code is available in 30,000 bank branches accross india along with KOTAK MAHINDRA BANK LIMITED and it always work in batch scheduled mode.

Real Time Gross Settlement (RTGS)

Real-time gross settlement systems (RTGS) is a specialist funds transfer process where money transfer A bank to B bank in real time mode. This means the process will be completed in real time without any waiting time.

Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS) one of the most used electronic funds transfer systems of mobile users in India. This service started in Nov 2010.

Centralised Funds Management System (CFMS)

This fund transfer mode provides for a centralised viewing of balance of any account holder which can have different account maintained at various banks.

Ifsc Code has 11 different characters which are combination of number and alphabets in nature. 1) The initial four characters represent bank name, 2) fifth character is by default "0" 3) Branch code is represented by remaining six character.

MICR Code

Magnetic Ink Character Recognition is numeric code which is printed on each cheque, this is for processing cheque agains bank account of any specific branch of KOTAK MAHINDRA BANK LIMITED

Chandigarh Kotak Mahindra Bank Limited ifsc codes for branch located at Chandigarh and Chandigarh, Bank IFSC Code, MICR details for each branch KOTAK MAHINDRA BANK LIMITED

Branch Name	IFSC Code
Chandigarh	KKBK0000282
Chandigarh Sector 35 B Branch	KKBK0000296
Chandigarh Sector 27 Branch	KKBK0004201

Kotak Mahindra Bank Limited Chandigarh IFSC Code - All Branch

National Electronic Funds Transfer (NEFT)

Real Time Gross Settlement (RTGS)

Immediate Payment Service (IMPS)

Centralised Funds Management System (CFMS)