Cosmos Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Cosmos Bank Ahmedabad Ahmedabad Gujarat

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MICR Code	380164011
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	Paldi
Contact	Mr.Mistry Bharatbhai , Manager, Ph.No.079-26588607
Bank Details	Cosmos Co-Op Bank Ltd Paldi COSB0000052

Location	Ahmedabad, Ahmedabad
City	Ahmedabad
District	Ahmedabad
State	Gujarat
Pincode	380007
Country	IN
Address	Aditya s.no. 12-14 paldi ahmedabad 380007

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 380164011 for Paldi 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 380164011 of Cosmos Cooperative Bank, Paldi branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Paldi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Ashram Road >>Bapunagar >>Gujarat Regional Office >>Maninagar >>Naroda Industrial Estate Branch >>Naroda Road >>Narol >>Nava Vadaj >>Odhav >>Paldi >>Pankore Naka Branch >>Raipur >>Relief Road >>Satellite Branch >>University

MICR code for Cosmos Bank Paldi

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 Paldi 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. 380164011 is the MICR code of Cosmos Bank for Paldi branch. MICR code for Paldi 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 Paldi is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Paldi branch in ahmedabad

The MICR code 380164011 is used in RBI cheque clearing process to identify the branch Paldi 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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