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Cosmos Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Mumbai Greater Bombay Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400164003
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	Vile Parle East
Contact	Mr. Pataskar Sudhir, Manager.,Ph.022-26191096, Fax.26186192
Bank Details	Cosmos Co-Op Bank Ltd Vile Parle East COSB0000017

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400057
Country	IN
Address	Plot no.45, saraswati niwas, t p s 1,ct no.807a, hanuman road, vile parle (e), mumbai 400 057

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 400164003 for Vile Parle East 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 400164003 of Cosmos Cooperative Bank, Vile Parle East branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Vile Parle East branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Andheri >>Bandra >>Borivali East >>Borivali West >>Chembur >>Dadar West >>Dahisar E >>Fort >>Ghatkopar >>Goregaon W >>Kandivali West >>Malad >>Malad (W) >>Mandvi >>Mulund West >>Powai Extension >>Santacruz E >>Thakur Vidyamandir Extn Counter Borivli >>Vashi >>Vile Parle East >>Zaveri Bazar

MICR code for Cosmos Bank Vile Parle East

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 Vile Parle East 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. 400164003 is the MICR code of Cosmos Bank for Vile Parle East branch. MICR code for Vile Parle East 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 Vile Parle East is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Vile Parle East branch in mumbai

The MICR code 400164003 is used in RBI cheque clearing process to identify the branch Vile Parle East 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.