KOTAK MAHINDRA BANK LIMITED RTGS HO Branch in SAS NAGAR(MOHALI) - Address, IFSC, MICR Code
SCF 108PHASE 3 B-II MOHALI PUNJAB-160059City
What is IFSC Code of KOTAK MAHINDRA BANK LIMITED situated at MOHALI- RTGS-HO?
IFSC Code of KOTAK MAHINDRA BANK LIMITED situated at MOHALI - RTGS-HO is
What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.
What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.