Cosmos Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Pune Pune Maharashtra

MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fatimanagar Branch
Contact Mr. Vivek Inamdar
Bank Details Cosmos Co-Op Bank Ltd Fatimanagar Branch COSB0000093
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411013
Country IN
Address Showroom no. D, kpct mega commercial complex, shivarkar road, fatimanagar, pune 411013.
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 0 for Fatimanagar Branch 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 0 of Cosmos Cooperative Bank, Fatimanagar Branch branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Fatimanagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Fatimanagar Branch

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 Fatimanagar Branch 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. 0 is the MICR code of Cosmos Bank for Fatimanagar Branch branch. MICR code for Fatimanagar Branch 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 Fatimanagar Branch is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Fatimanagar Branch branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Fatimanagar Branch 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.

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