Cosmos Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Aurangabad Aurangabad 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 Massia Extension Counter Central Aurangabad
Contact Dinesh Vinayak Phadke Phone No.95240-2553132
Bank Details Cosmos Co-Op Bank Ltd Massia Extension Counter Central Aurangabad COSB0000918
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431136
Country IN
Address P/15 more chowk ,midc walunj dist:- aurangabad
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 431164006 for Massia Extension Counter Central Aurangabad 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 431164006 of Cosmos Cooperative Bank, Massia Extension Counter Central Aurangabad branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Massia Extension Counter Central Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Aurangabad >>Cidco >>Deogiri College Extn Counter Aurangabad >>Hudco >>Massia Extension Counter Central Aurangabad

MICR code for Cosmos Bank Massia Extension Counter Central Aurangabad

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 Massia Extension Counter Central Aurangabad 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. 431164006 is the MICR code of Cosmos Bank for Massia Extension Counter Central Aurangabad branch. MICR code for Massia Extension Counter Central Aurangabad 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 Massia Extension Counter Central Aurangabad is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Massia Extension Counter Central Aurangabad branch in aurangabad

The MICR code 431164006 is used in RBI cheque clearing process to identify the branch Massia Extension Counter Central Aurangabad 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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