MICR Code Bank
Find MICR code for Cosmos Bank branches in India for NEFT and RTGS transfer

Cosmos Bank MICR CODE

Find MICR Codes for Cosmos Bank

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  1. Cosmos Co-Op Bank Ltd »
  2. Maharashtra »
  3. thane »
  4. thane »
  5. institute of management and computer studies thane

Find MICR Codes for Cosmos Bank

MICR Code: 400164017
Bank: Cosmos Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Institute Of Management And Computer Studies Thane
Contact: Mr.Sawant Sanjay , Manager, Ph.No.022-25835878
Bank Details: Cosmos Co-Op Bank Ltd Institute Of Management And Computer Studies Thane COSB0000914
Location: Thane, Thane
City: Thane
District: Thane
State: Maharashtra
Pincode: 400604
Country: IN
Address: C – 4, wagale industrial estate, thane west, mumbai 400604

How does MICR code for 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 of Cosmos Cooperative Bank, branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Cosmos Co-Op Bank Ltd are available with micr code

>>Institute Of Management And Computer Studies Thane >>Thane

MICR code for Cosmos Bank

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

Use of Cosmos Cooperative Bank MICR code for branch in thane

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