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Cosmos Bank Nipani Belgaum Karnataka MICR CODE

Find MICR Codes for Cosmos Bank Nipani Belgaum Karnataka

MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nipani
Contact 08338-223594, 9011070097
Bank Details Cosmos Co-Op Bank Ltd Nipani COSB0000081
Location Nipani, Belgaum
City Nipani
District Belgaum
State Karnataka
Pincode 591237
Country IN
Address H.no.739 ashok nagar, nipani. Pin code no.591 237, tal. Chikodi, dist. Belgaum
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.

Search Cosmos Bank MICR Codes in belgaum

You can search through MICR Codes of Karnataka branches in nipani of District belgaum in Karnataka State by using the search box or you can browse through the table using the conrols at the bottom.

Cosmos Co-Op Bank Ltd branches with micr codes are available in 2 cities-

>>Belgaum >>Nipani

How to find MICR codes for Cosmos Bank in nipani?

Cosmos Bank nipani MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Cosmos Cooperative Bank MICR codes list for nipani, one can further search by branch name specified in the table. You can find MICR codes for all Cosmos Bank nipani branches.

Cosmos Cooperative Bank MICR code in nipani

Cosmos Bank MICR code is a character recognition technology used by banks in the processing of cheques. Cosmos Cooperative Bank MICR code for nipani branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Cosmos Bank branches in nipani, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Cosmos Bank MICR code for nipani branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Cosmos Bank nipani branch, sprinted 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. Thus MICR code for Cosmos Cooperative Bank nipani branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Cosmos Bank MICR codes for nipani branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!