Cosmos Bank Kothrud Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Kothrud Pune Maharashtra

MICR Code: 411164006
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Kothrud
Contact: Mrs. Khandke Rashmi, Manager, Ph.020-25462978 Fax.25410678
Bank Details: Cosmos Co-Op Bank Ltd Kothrud COSB0000004
Location: Kothrud, Pune
City: Kothrud
District: Pune
State: Maharashtra
Pincode: 411029
Country: IN
Address: 128/2, Swaroop Nagari, Kothrud, Pune 411 029
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 411164006 for Kothrud 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 411164006 of Cosmos Bank, Kothrud branch makes the system almost error free and faster. Use of Cosmos Bank MICR codes for Kothrud 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 -

>>Kothrud

MICR code for Cosmos Bank Kothrud

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 Kothrud 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. 411164006 is the MICR code of Cosmos Cooperative Bank for Kothrud branch. MICR code for Kothrud 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 Kothrud is presented in the table alongside.

Use of Cosmos Bank MICR code for Kothrud branch in kothrud

The MICR code 411164006 is used in RBI cheque clearing process to identify the branch Kothrud 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.