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Cosmos Bank Alandi Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Alandi Pune Maharashtra

MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alandi
Contact Mr. Joshi Rajiv, Manager, Ph.02135 - 232304, 232036
Bank Details Cosmos Co-Op Bank Ltd Alandi COSB0000011
Location Alandi, Pune
City Alandi
District Pune
State Maharashtra
Pincode 412105
Country IN
Address 800, om sai sadan, opp. Old st stand, alandi devachi, tal. Khed, dist pune 412105
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

Search Cosmos Bank MICR Codes in pune

You can search through MICR Codes of Maharashtra branches in alandi of District pune in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Alandi

How to find MICR codes for Cosmos Bank in alandi?

Cosmos Bank alandi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Cosmos Cooperative Bank MICR codes list for alandi, one can further search by branch name specified in the table. You can find MICR codes for all Cosmos Bank alandi branches.

Cosmos Cooperative Bank MICR code in alandi

Cosmos Bank MICR code is a character recognition technology used by banks in the processing of cheques. Cosmos Cooperative Bank MICR code for alandi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Cosmos Bank branches in alandi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Cosmos Bank MICR code for alandi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Cosmos Bank alandi branch, sprinted using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. Thus MICR code for Cosmos Cooperative Bank alandi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Cosmos Bank MICR codes for alandi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!