Cosmos Bank Gokhale Nagar Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Gokhale Nagar Pune Maharashtra

MICR Code: 411164005
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Gokhale Nagar
Contact: Mrs. Tote Medha, Manager Ph. 020-25654743 Fax. 25650307
Bank Details: Cosmos Co-Op Bank Ltd Gokhale Nagar COSB0000003
Location: Gokhale Nagar, Pune
City: Gokhale Nagar
District: Pune
State: Maharashtra
Pincode: 411016
Country: IN
Address: 1038/7, Yogini Apartment, Gokhale Nagar, Pune 411 016
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 411164005 for Gokhale 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 411164005 of Cosmos Bank, Gokhale Nagar branch makes the system almost error free and faster. Use of Cosmos Bank MICR codes for Gokhale 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 -

>>Gokhale Nagar

MICR code for Cosmos Bank Gokhale Nagar

Cosmos Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Cosmos Bank MICR code for Gokhale 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. 411164005 is the MICR code of Cosmos Cooperative Bank for Gokhale Nagar branch. MICR code for Gokhale 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 Bank Gokhale Nagar is presented in the table alongside.

Use of Cosmos Bank MICR code for Gokhale Nagar branch in gokhale nagar

The MICR code 411164005 is used in RBI cheque clearing process to identify the branch Gokhale Nagar and Cosmos 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 Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.