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 Kirloskar Oil Engines Ltd.
Contact Mr.Gokhale Abhay , Assiatant Manager, Ph.No.020-25813935
Bank Details Cosmos Co-Op Bank Ltd Kirloskar Oil Engines Ltd. COSB0000904
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411003
Country IN
Address 12 c, a/b elphinstone road, dr. Babasaheb ambedkar road, khadki, pune – 411003
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 411164025 for Kirloskar Oil Engines Ltd. 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 411164025 of Cosmos Cooperative Bank, Kirloskar Oil Engines Ltd. branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Kirloskar Oil Engines Ltd. branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Kirloskar Oil Engines Ltd.

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 Kirloskar Oil Engines Ltd. 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. 411164025 is the MICR code of Cosmos Bank for Kirloskar Oil Engines Ltd. branch. MICR code for Kirloskar Oil Engines Ltd. 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 Kirloskar Oil Engines Ltd. is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Kirloskar Oil Engines Ltd. branch in pune

The MICR code 411164025 is used in RBI cheque clearing process to identify the branch Kirloskar Oil Engines Ltd. 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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