IFSC Code of Kotak Mahindra Bank Limited, Loknete R D Appa Kshirsagar Sahakari Bank Branch, Maharashtra

Use this page as a one-stop reference for everything related to Kotak Mahindra Bank Limited's LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK branch in NIPHAD, MAHARASHTRA. The branch's IFSC code KKBK0MCBL01 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

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, KKBK0MCBL01 is the IFSC of Kotak Mahindra Bank Limited's LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK branch. The format is fixed: KKBK = bank code, 0 = reserved, MCBL01 = branch identifier.

About the bank

Kotak Mahindra Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Loknete R D Appa Kshirsagar Sahakari Bank branch in Niphad, Maharashtra is part of this network and uses the IFSC code KKBK0MCBL01 for all electronic settlement.

Loknete R D Appa Kshirsagar Sahakari Bank branch overview

Located at MUKTAI COOPERATIVE BANK LTD AT POST TAL NIPHAD, SHANI CHWOK, KARDILE BHAVAN, NIPHAD, NASHIK 422 303, the Loknete R D Appa Kshirsagar Sahakari Bank branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC KKBK0MCBL01 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

Why every Kotak Mahindra Bank Limited branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK of Kotak Mahindra Bank Limited — its own 11-character IFSC. The code KKBK0MCBL01 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC KKBK0MCBL01 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Loknete R D Appa Kshirsagar Sahakari Bank branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC KKBK0MCBL01 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC KKBK0MCBL01

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 KKBK0MCBL01 across all three.

NEFT to Kotak Mahindra Bank Limited, LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK using IFSC KKBK0MCBL01

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 KKBK0MCBL01, and confirm that the system picks up Kotak Mahindra Bank Limited – LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC KKBK0MCBL01

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 – LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK, ensure your bank's portal accepts IFSC KKBK0MCBL01 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Kotak Mahindra Bank Limited – LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK, use IMPS. With IFSC KKBK0MCBL01 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Loknete R D Appa Kshirsagar Sahakari Bank

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC KKBK0MCBL01:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK is still linked to IFSC KKBK0MCBL01.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Kotak Mahindra Bank Limited's LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK branch, the IFSC KKBK0MCBL01 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Loknete R D Appa Kshirsagar Sahakari Bank branch

Once you have an account at Kotak Mahindra Bank Limited – LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK, the IFSC KKBK0MCBL01 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.

Banking services available

The Loknete R D Appa Kshirsagar Sahakari Bank branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 2550-241511.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC KKBK0MCBL01

Online banking and IFSC KKBK0MCBL01

Kotak Mahindra Bank Limited customers can register for net banking and the bank's official mobile app once their account at the LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC KKBK0MCBL01 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Reaching the branch

The Loknete R D Appa Kshirsagar Sahakari Bank branch sits at MUKTAI COOPERATIVE BANK LTD AT POST TAL NIPHAD, SHANI CHWOK, KARDILE BHAVAN, NIPHAD, NASHIK 422 303. If you are travelling from outside Niphad, search for the branch on a maps application using the bank name and locality, or call 2550-241511 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 KKBK0MCBL01 and your account number.

Common mistakes to avoid when using IFSC KKBK0MCBL01

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 – LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK, 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: KKBK0MCBL01.
• 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.

Working hours

Branch counters at Loknete R D Appa Kshirsagar Sahakari Bank 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 KKBK0MCBL01 continue to work without interruption.

Verifying IFSC KKBK0MCBL01 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm KKBK0MCBL01 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 2550-241511.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code KKBK0MCBL01 belongs to Kotak Mahindra Bank Limited's LOKNETE R D APPA KSHIRSAGAR SAHAKARI BANK branch, located at MUKTAI COOPERATIVE BANK LTD AT POST TAL NIPHAD, SHANI CHWOK, KARDILE BHAVAN,… in NIPHAD, 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.