Cosmos Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Mumbai Greater Bombay Maharashtra

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MICR Code	400164018
Bank	Cosmos Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mandvi
Contact	Mr. Gandhi Jitendrabhai , Deputy Manager, Ph.No.022-23448009
Bank Details	Cosmos Co-Op Bank Ltd Mandvi COSB0000068

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400009
Country	IN
Address	Abad bank house, 323/325 narsimh natha street, mandvi mumbai 400009

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 400164018 for Mandvi 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 400164018 of Cosmos Cooperative Bank, Mandvi branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Mandvi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Andheri >>Bandra >>Borivali East >>Borivali West >>Chembur >>Dadar West >>Dahisar E >>Fort >>Ghatkopar >>Goregaon W >>Kandivali West >>Malad >>Malad (W) >>Mandvi >>Mulund West >>Powai Extension >>Santacruz E >>Thakur Vidyamandir Extn Counter Borivli >>Vashi >>Vile Parle East >>Zaveri Bazar

MICR code for Cosmos Bank Mandvi

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 Mandvi 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. 400164018 is the MICR code of Cosmos Bank for Mandvi branch. MICR code for Mandvi 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 Mandvi is presented in the table alongside.

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

The MICR code 400164018 is used in RBI cheque clearing process to identify the branch Mandvi 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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