Cosmos Bank Mumbai Greater Mumbai Maharashtra MICR CODE

Find MICR Codes for Cosmos Bank Mumbai Greater Mumbai 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 Veera Desai Road Andheri West
Contact 26762671
Bank Details Cosmos Co-Op Bank Ltd Veera Desai Road Andheri West COSB0000124
Location Mumbai, Greater Mumbai
City Mumbai
District Greater Mumbai
State Maharashtra
Pincode 400058
Country IN
Address Shop no 3,4 kshitij building ,veera desai road,near andheri sports complex , andheri west,mumbai 400058
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 400164034 for Veera Desai Road Andheri 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 400164034 of Cosmos Cooperative Bank, Veera Desai Road Andheri West branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Veera Desai Road Andheri West branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Cosmos Co-Op Bank Ltd are available with micr code -

>>Mulund East >>Veera Desai Road Andheri West

MICR code for Cosmos Bank Veera Desai Road Andheri 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 Veera Desai Road Andheri 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. 400164034 is the MICR code of Cosmos Bank for Veera Desai Road Andheri West branch. MICR code for Veera Desai Road Andheri 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 Veera Desai Road Andheri West is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Veera Desai Road Andheri West branch in mumbai

The MICR code 400164034 is used in RBI cheque clearing process to identify the branch Veera Desai Road Andheri 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.

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