Kotak Mahindra Bank IFSC Code for Effortless Electronic Fund Transfer

Kotak Mahindra Bank IFSC Code for Effortless Electronic Fund Transfer

- in Finance

Kotak Mahindra Bank is an Indian private bank headquartered in Mumbai, India. In 2003, the bank received a license from the Reserve Bank of India (RBI) to carry forward its banking services.

Currently, the bank has its branches across the major states of the country including Assam, Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Delhi, Uttar Pradesh, Himachal Pradesh, Jammu & Kashmir, Karnataka, Kerala, Maharashtra, Rajasthan, Madhya Pradesh, Tamil Nadu, and Uttarakhand.

As digital transactions are getting widely popular due to the convenience and ease of the process; though, it is important to know Kotak Mahindra Bank IFSC code to process the transaction. IFSC code is an 11-digit alphanumeric code used by the RBI to identify the participating Kotak bank branch and recipient’s bank branch. IFSC code speed ups the transaction process and also lowers the risk of fraudulent and manual error. Kotak bank IFSC code can be found on the passbook and cheque book issued by the bank.

The first 4 characters of the code denote the bank’s name, the fifth character remains zero for future use, and the last 6 digits denote unique Kotak bank branch code. For example, KKBK0000753, where KKBK denotes Kotak Mahindra Bank and 000753 denotes the MP Nagar, Bhopal branch code.

IFSC is an Indian Financial System Code that helps the Reserve Bank of India to effortlessly identify the participating banks through their unique identity code. Most preferred electronic fund transfer methods include RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer), and IMPS (Immediate Payment System).


National Electronic Fund Transfer method was initiated in November 2005, which is at the present managed and controlled by the Reserve Bank of India. The transactions under NEFT method are settled in timely batches. There are total 12 settlement batches during the weekdays (Monday to Friday) starting from 8 am to 7 pm; 6 settlement batches on every Saturday from 8 am to 1 pm.


Real Time Gross Settlement, as the name suggests RTGS transaction method conducts the transactions on a real-time basis. Usually, the transactions with a minimum of Rs.2 lakh are preferred to RTGS fund transfer method. Once the validation process is successfully done by the RBI, the beneficiary’s bank account is credited with the transacted amount within 30 minutes. However, before dispensation of the transaction, it is best to check whether the bank branch is indexed by NEFT/RTGS fund transfer system.


Immediate Payment Service is a quick interbank electronic fund transfer method which can be carried out even through smartphones. Details required for IMPS method include:

  • Name of the beneficiary
  • Bank Account Number of the beneficiary
  • IFS Code of the beneficiary bank

Log on to https://www.applykaroo.com/kotak-mahindra-bank-ifsc-code to check the Kotak bank branch code.

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