Cosmos Bank Laxmi Road Pune Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Laxmi Road 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 Laxmi Road
Contact Mr. Pataskar Madhav,Manager.,Ph.020-24455273. Fax. 020-24452263
Bank Details Cosmos Co-Op Bank Ltd Laxmi Road COSB0000010
Location Laxmi Road, Pune
City Laxmi Road
District Pune
State Maharashtra
Pincode 411030
Country IN
Address 476, new narayan peth, near lokhande talim,laxmi road, pune 411 030
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 411164002 for Laxmi Road 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 411164002 of Cosmos Cooperative Bank, Laxmi Road branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Laxmi Road 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 -

>>Laxmi Road

MICR code for Cosmos Bank Laxmi Road

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 Laxmi Road 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. 411164002 is the MICR code of Cosmos Bank for Laxmi Road branch. MICR code for Laxmi Road 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 Laxmi Road is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Laxmi Road branch in laxmi road

The MICR code 411164002 is used in RBI cheque clearing process to identify the branch Laxmi Road 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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