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Cosmos Bank Ajmera Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Ajmera Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411164017
Bank	Cosmos Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ajmera
Contact	Mr. Sonawane Sunil, Manager, Ph.020-27476450
Bank Details	Cosmos Co-Op Bank Ltd Ajmera COSB0000033

Location	Ajmera, Pune
City	Ajmera
District	Pune
State	Maharashtra
Pincode	411018
Country	IN
Address	149/2, plot no.21, masulkar coloney, near ajmera high school, pune 411 018

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 411164017 for Ajmera 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 411164017 of Cosmos Cooperative Bank, Ajmera branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Ajmera 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 -

>>Ajmera

MICR code for Cosmos Bank Ajmera

Cosmos Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Cosmos Cooperative Bank MICR code for Ajmera 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. 411164017 is the MICR code of Cosmos Bank for Ajmera branch. MICR code for Ajmera 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 Cooperative Bank Ajmera is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Ajmera branch in ajmera

The MICR code 411164017 is used in RBI cheque clearing process to identify the branch Ajmera and Cosmos Cooperative 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 Bank is typically in either of these two font’s: E-138 and CMC-7.