Cosmos Bank Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Mumbai Greater Bombay Maharashtra

↻ Reload
MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mulund West
Contact Mr.Amberkar Jitendra, Manager, 022-25610621
Bank Details Cosmos Co-Op Bank Ltd Mulund West COSB0000022
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400080
Country IN
Address Apoorva co-op hsg.soc., mulund (w), l.b.s marg mumbai 400 080
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 400164004 for Mulund West 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 400164004 of Cosmos Cooperative Bank, Mulund West branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Mulund West branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Mulund West

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 Mulund West 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. 400164004 is the MICR code of Cosmos Bank for Mulund West branch. MICR code for Mulund West 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 Mulund West is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Mulund West branch in mumbai

The MICR code 400164004 is used in RBI cheque clearing process to identify the branch Mulund West 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!