IFSC Code of Kotak Mahindra Bank Limited, Avashi Branch Lote Parshuram Industrial Area Branch, Maharashtra

If you are searching for the IFSC code of Kotak Mahindra Bank Limited, AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch in AVASHI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is KKBK0001994. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch, and detailed step-by-step guides for using the IFSC KKBK0001994 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, KKBK0001994 is the IFSC of Kotak Mahindra Bank Limited's AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch. The format is fixed: KKBK = bank code, 0 = reserved, 001994 = branch identifier.

Branch details at a glance

About Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited operates a wide network of branches across India, including the Avashi Branch Lote Parshuram Industrial Area branch in Avashi. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, KKBK0001994.

About this branch

The branch is located at PLOT NO. PAP 34, LOTE PARSHURAM INDUSTRIAL AREA, AT POST AVASHI, PIN 415722, TALUKA KHED, DISTRICT RATNAGIRI. MAHARASHTRA.. It serves the Avashi region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Kotak Mahindra Bank Limited. The IFSC KKBK0001994 is used to identify this branch on the RBI payments network.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Kotak Mahindra Bank Limited's AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch came to be assigned the code KKBK0001994.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC KKBK0001994, money simply cannot be routed to the AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch electronically.

How to transfer money using IFSC KKBK0001994

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC KKBK0001994 across all three.

NEFT to Kotak Mahindra Bank Limited, AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA using IFSC KKBK0001994

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC KKBK0001994, and confirm that the system picks up Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC KKBK0001994

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA, ensure your bank's portal accepts IFSC KKBK0001994 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Kotak Mahindra Bank Limited AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA (IFSC KKBK0001994)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC KKBK0001994 in your mobile or internet banking app, and the money is credited to the AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC KKBK0001994 for Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Avashi Branch Lote Parshuram Industrial Area branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC KKBK0001994

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA is still mapped to IFSC KKBK0001994. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC KKBK0001994 and the beneficiary's account number to complete the transfer.

Account types you can open at the Avashi Branch Lote Parshuram Industrial Area branch

Once you have an account at Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA, the IFSC KKBK0001994 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Avashi Branch Lote Parshuram Industrial Area branch can access most of Kotak Mahindra Bank Limited's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC KKBK0001994

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Kotak Mahindra Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC KKBK0001994 and the account number together uniquely identify the Avashi Branch Lote Parshuram Industrial Area branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Avashi Branch Lote Parshuram Industrial Area branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC KKBK0001994 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Common mistakes to avoid when using IFSC KKBK0001994

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: KKBK0001994.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Avashi Branch Lote Parshuram Industrial Area branch sits at PLOT NO. PAP 34, LOTE PARSHURAM INDUSTRIAL AREA, AT POST AVASHI, PIN 415722, TALUKA KHED, DISTRICT RATNAGIRI. MAHARASHTRA.. If you are travelling from outside Avashi, search for the branch on a maps application using the bank name and locality, or call 1860-2662666 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC KKBK0001994 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC KKBK0001994 for Kotak Mahindra Bank Limited – AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Avashi Branch Lote Parshuram Industrial Area are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to KKBK0001994 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code KKBK0001994 belongs to Kotak Mahindra Bank Limited's AVASHI BRANCH LOTE PARSHURAM INDUSTRIAL AREA branch, located at PLOT NO. PAP 34, LOTE PARSHURAM INDUSTRIAL AREA, AT POST AVASHI, PIN 415722,… in AVASHI, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.