Cosmos Bank Parvati Darshan Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Parvati Darshan Pune Maharashtra

MICR Code: 411164003
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Parvati Darshan
Contact: Mrs. Lande Pramila, Manager Ph.020-24222386 Fax.24223577
Bank Details: Cosmos Co-Op Bank Ltd Parvati Darshan COSB0000001
Location: Parvati Darshan, Pune
City: Parvati Darshan
District: Pune
State: Maharashtra
Pincode: 411009
Country: IN
Address: Plot No.1, S.No.46, Kakahalwai Estate, Somshankar Chamber, Market Yard, Pune Satara Road, Pune 4110 009
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 411164003 for Parvati Darshan 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 411164003 of Cosmos Bank, Parvati Darshan branch makes the system almost error free and faster. Use of Cosmos Bank MICR codes for Parvati Darshan 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 -

>>Parvati Darshan

MICR code for Cosmos Bank Parvati Darshan

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 Parvati Darshan 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. 411164003 is the MICR code of Cosmos Cooperative Bank for Parvati Darshan branch. MICR code for Parvati Darshan 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 Parvati Darshan is presented in the table alongside.

Use of Cosmos Bank MICR code for Parvati Darshan branch in parvati darshan

The MICR code 411164003 is used in RBI cheque clearing process to identify the branch Parvati Darshan 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.