Cosmos Bank Deccan Gymkhana Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Deccan Gymkhana Pune Maharashtra

↻ Reload
MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Deccan Gymkhana
Contact Mr. Shejwalkar Bhaskar, Manager Ph.020-27460408
Bank Details Cosmos Co-Op Bank Ltd Deccan Gymkhana COSB0000027
Location Deccan Gymkhana, Pune
City Deccan Gymkhana
District Pune
State Maharashtra
Pincode 411004
Country IN
Address C.t.s.no.885/1, f.p.no.241/1, bhandarkar road, deccan gymkhana, pune 411 004
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 411164022 for Deccan Gymkhana 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 411164022 of Cosmos Cooperative Bank, Deccan Gymkhana branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Deccan Gymkhana 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 -

>>Deccan Gymkhana

MICR code for Cosmos Bank Deccan Gymkhana

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 Deccan Gymkhana 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. 411164022 is the MICR code of Cosmos Bank for Deccan Gymkhana branch. MICR code for Deccan Gymkhana 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 Deccan Gymkhana is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Deccan Gymkhana branch in deccan gymkhana

The MICR code 411164022 is used in RBI cheque clearing process to identify the branch Deccan Gymkhana 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.

Copied!