Cosmos Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Pune Pune Maharashtra

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MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dnyana Prabodhini
Contact Mr.Patole Kiran, Manager,Ph.No.020-27659388
Bank Details Cosmos Co-Op Bank Ltd Dnyana Prabodhini COSB0000902
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411044
Country IN
Address Jnana prabodhini nava-nagar vidyalaya, sec no. 25, pradhikaran , nigdi, pune – 411044
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 411164018 for Dnyana Prabodhini 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 411164018 of Cosmos Cooperative Bank, Dnyana Prabodhini branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Dnyana Prabodhini branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Dnyana Prabodhini

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 Dnyana Prabodhini 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. 411164018 is the MICR code of Cosmos Bank for Dnyana Prabodhini branch. MICR code for Dnyana Prabodhini 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 Dnyana Prabodhini is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Dnyana Prabodhini branch in pune

The MICR code 411164018 is used in RBI cheque clearing process to identify the branch Dnyana Prabodhini 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.

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