Cosmos Bank Pimpri Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Pimpri Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	411164021
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	Pimpri
Contact	Mr. Sathe Pradeep , Manager Ph.020-27460408
Bank Details	Cosmos Co-Op Bank Ltd Pimpri COSB0000026

Location	Pimpri, Pune
City	Pimpri
District	Pune
State	Maharashtra
Pincode	411017
Country	IN
Address	Radhesham estate, block no.121, pimpri, pune 411 017

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 411164021 for Pimpri 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 411164021 of Cosmos Cooperative Bank, Pimpri branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Pimpri 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 -

>>Pimpri

MICR code for Cosmos Bank Pimpri

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 Pimpri 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. 411164021 is the MICR code of Cosmos Bank for Pimpri branch. MICR code for Pimpri 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 Pimpri is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Pimpri branch in pimpri

The MICR code 411164021 is used in RBI cheque clearing process to identify the branch Pimpri 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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