Cosmos Bank Koregaon Park Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Koregaon Park Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411164023
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	Koregaon Park
Contact	Mrs.Garg Richa, Manager, Ph. 020-26121524, Fax. 020-26113324
Bank Details	Cosmos Co-Op Bank Ltd Koregaon Park COSB0000028

Location	Koregaon Park, Pune
City	Koregaon Park
District	Pune
State	Maharashtra
Pincode	411001
Country	IN
Address	Plot no.333, business avenue, off north main road, sanas residency, koregaon park, pune 411 001

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 411164023 for Koregaon Park 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 411164023 of Cosmos Cooperative Bank, Koregaon Park branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Koregaon Park 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 -

>>Koregaon Park

MICR code for Cosmos Bank Koregaon Park

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 Koregaon Park 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. 411164023 is the MICR code of Cosmos Bank for Koregaon Park branch. MICR code for Koregaon Park 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 Koregaon Park is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Koregaon Park branch in koregaon park

The MICR code 411164023 is used in RBI cheque clearing process to identify the branch Koregaon Park 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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