Cosmos Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Nashik Nashik Maharashtra

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MICR Code	422164002
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	Nashik
Contact	Mr. Pavanskar Vidyadhar ,Manager,Ph.0253- 2572941, Fax. 0253-2572942
Bank Details	Cosmos Co-Op Bank Ltd Nashik COSB0000035

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422002
Country	IN
Address	Gurudarshan plot no.13, s. No.719/3/1/b/1, f.p.no.476/c, opp. Police commissioner office, trimbak link road, nashik 422 002

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 422164002 for Nashik 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 422164002 of Cosmos Cooperative Bank, Nashik branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Nashik branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>D.S.Kothari Kanyashala Extn Counter Nasik >>Nashik >>Pethe Vidyalaya Extn Counter Nasik >>Rangubai Junnare High School Extn Counter Nasik

MICR code for Cosmos Bank Nashik

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 Nashik 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. 422164002 is the MICR code of Cosmos Bank for Nashik branch. MICR code for Nashik 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 Nashik is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Nashik branch in nashik

The MICR code 422164002 is used in RBI cheque clearing process to identify the branch Nashik 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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