Cosmos Bank Vithalwadi Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Vithalwadi Pune Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: 411164007
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Vithalwadi
Contact: Mrs. Lambe Charulata, Manager, Ph.020-24331820
Bank Details: Cosmos Co-Op Bank Ltd Vithalwadi COSB0000005
Location: Vithalwadi, Pune
City: Vithalwadi
District: Pune
State: Maharashtra
Pincode: 411030
Country: IN
Address: Plot No.47, Shivprasad Co-Op Hsg.Soc., Panmala, Sinhagad Road, Vithalwadi, Pune 411 030
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.

How does MICR code 411164007 for Vithalwadi branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 411164007 of Cosmos Bank, Vithalwadi branch makes the system almost error free and faster. Use of Cosmos Bank MICR codes for Vithalwadi branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Vithalwadi

MICR code for Cosmos Bank Vithalwadi

Cosmos Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Cosmos Bank MICR code for Vithalwadi is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 411164007 is the MICR code of Cosmos Cooperative Bank for Vithalwadi branch. MICR code for Vithalwadi branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Cosmos Bank Vithalwadi is presented in the table alongside.

Use of Cosmos Bank MICR code for Vithalwadi branch in vithalwadi

The MICR code 411164007 is used in RBI cheque clearing process to identify the branch Vithalwadi and Cosmos Bank bank for clearing processes. The MICR characters, which are printed 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. MICR code of Cosmos Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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