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Cosmos Bank Khadki Bazar Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Khadki Bazar Pune Maharashtra

MICR Code:
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Khadki Bazar
Contact: Mr. Joshi Nishikant, Manager, Ph.020- 25811424
Bank Details: Cosmos Co-Op Bank Ltd Khadki Bazar COSB0000002
Location: Khadki Bazar, Pune
City: Khadki Bazar
District: Pune
State: Maharashtra
Pincode: 411003
Country: IN
Address: 82, kohinoor plaza, new bazar, dr.babasaheb ambedkar road, khadki, pune 411 003
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 411164004 for Khadki Bazar 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 411164004 of Cosmos Cooperative Bank, Khadki Bazar branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Khadki Bazar 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 -

>>Khadki Bazar

MICR code for Cosmos Bank Khadki Bazar

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 Khadki Bazar 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. 411164004 is the MICR code of Cosmos Bank for Khadki Bazar branch. MICR code for Khadki Bazar 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 Khadki Bazar is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Khadki Bazar branch in khadki bazar

The MICR code 411164004 is used in RBI cheque clearing process to identify the branch Khadki Bazar 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.