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IFSC Code – What Does That Mean?
IFSC meansIndian Financial System Code. That is, this code is a unique code given to each branch of each bank in the country to enable them to smoothly carry out the electronic transfer of funds. The IFSC code is a code which helps each bank make functions like NEFT and RTGS.
IFSC Code – Kotak Mahindra Bank
The IFSC Code of Kotak Mahindra Bank begins with the letters KKBK. These four letters signify the bank code. Each branch of Kotak Mahindra will have an IFSC code starting with these letters. However, the characters which make the IFSC code of Kotak Mahindra Bank unique are the last six characters. These are always numbers which denote the branch code. However, if you want to know the code without creating an account, you can do so via the internet. There is an official website of IFSC code where you can know all about this code.
Structure
The IFSC code is an alphanumeric code consisting of eleven characters. The first four of these characters are alphabets which denote the bank code. While the next character is always a zero, the last remaining characters are numbers which represent the branch code of the bank.