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Cosmos Bank Ganesh Nagar Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Ganesh Nagar Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411164009
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	Ganesh Nagar
Contact	Mrs. Shahane Madhuri, Manager, Ph.020-25441141
Bank Details	Cosmos Co-Op Bank Ltd Ganesh Nagar COSB0000009

Location	Ganesh Nagar, Pune
City	Ganesh Nagar
District	Pune
State	Maharashtra
Pincode	411052
Country	IN
Address	Meghasagar 1,swastishri society, ganesh nagar, pune 411 052

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 411164009 for Ganesh Nagar 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 411164009 of Cosmos Cooperative Bank, Ganesh Nagar branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Ganesh Nagar 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 -

>>Ganesh Nagar

MICR code for Cosmos Bank Ganesh Nagar

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 Ganesh Nagar 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. 411164009 is the MICR code of Cosmos Bank for Ganesh Nagar branch. MICR code for Ganesh Nagar 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 Ganesh Nagar is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Ganesh Nagar branch in ganesh nagar

The MICR code 411164009 is used in RBI cheque clearing process to identify the branch Ganesh Nagar 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.