Cosmos Bank Bengaluru Banglore Karnataka MICR CODE

Find MICR Codes for Cosmos Bank Bengaluru Banglore Karnataka

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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 Rajarajeshwari Nagar Branch
Contact 80-28604311
Bank Details Cosmos Co-Op Bank Ltd Rajarajeshwari Nagar Branch COSB0000168
Location Bengaluru, Banglore
City Bengaluru
District Banglore
State Karnataka
Pincode 560098
Country IN
Address No 134 4th phase beml 4 and 5th stage near kanakadas circle rajarajeshari nagar bangalore 560098
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 0 for Rajarajeshwari Nagar Branch 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 0 of Cosmos Cooperative Bank, Rajarajeshwari Nagar Branch branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Rajarajeshwari Nagar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Cosmos Bank Rajarajeshwari Nagar Branch

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 Rajarajeshwari Nagar Branch 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. 0 is the MICR code of Cosmos Bank for Rajarajeshwari Nagar Branch branch. MICR code for Rajarajeshwari Nagar Branch 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 Rajarajeshwari Nagar Branch is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Rajarajeshwari Nagar Branch branch in bengaluru

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajarajeshwari Nagar Branch 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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