Cosmos Bank Belgaum Belgaum Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Belgaum Belgaum Maharashtra

↻ Reload
MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maruti Lane Belgaum
Contact Mr Nitin Nimbalkar
Bank Details Cosmos Co-Op Bank Ltd Maruti Lane Belgaum COSB0000089
Location Belgaum, Belgaum
City Belgaum
District Belgaum
State Maharashtra
Pincode 590001
Country IN
Address Shop no 1 & 2, shri laxmi sankul cts no 1558/b2 , cde maruti lane belgaum 590001
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 590164002 for Maruti Lane Belgaum 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 590164002 of Cosmos Cooperative Bank, Maruti Lane Belgaum branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Maruti Lane Belgaum 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 -

>>Maruti Lane Belgaum

MICR code for Cosmos Bank Maruti Lane Belgaum

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 Maruti Lane Belgaum 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. 590164002 is the MICR code of Cosmos Bank for Maruti Lane Belgaum branch. MICR code for Maruti Lane Belgaum 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 Maruti Lane Belgaum is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Maruti Lane Belgaum branch in belgaum

The MICR code 590164002 is used in RBI cheque clearing process to identify the branch Maruti Lane Belgaum 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!