Cosmos Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Mumbai Mumbai Maharashtra

↻ Reload
MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Goregaon
Contact Ms.Ashwini A.Bedekar-Manager 9967607780, Mr.Vinayak Borwankar A.M. 9869646179 & Mr.Samir Chitnis-P.O.9819501615
Bank Details Cosmos Co-Op Bank Ltd Goregaon COSB0000102
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400063
Country IN
Address Survey no.95, "d deffinity",ground floor,unit no.03,cts no.364,j.p.road,near anupam theater,goregaon(e),mumbai-400 063
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 0 for Goregaon 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 0 of Cosmos Cooperative Bank, Goregaon branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Goregaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Goregaon

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 Goregaon 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. 0 is the MICR code of Cosmos Bank for Goregaon branch. MICR code for Goregaon 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 Goregaon is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Goregaon branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Goregaon 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!