Herein, we report the magneto-transport and exchange bias effect in a "314 -type" oxygen -vacancy ordered material with composition SrCo 0.85 Fe 0.15 O 2.62 . This material exhibits a ferrimagnetic transition above room temperature, at 315 K. The negative magnetoresistance starts to appear from room temperature (-1.3 % at 295 K in 70 kOe) and reaches a sizable value of 58 % at 4 K in 70 kOe. Large exchange bias effect is observed below 315 K when the sample is cooled in the presence of a magnetic field. The coexistence of nearly compensated and ferrimagnetic regions in the layered structure originate magnetoresistance and exchange bias in this sample. The appearance of a sizable magnetoresistance and giant exchange bias effect, especially near room temperature indicates that "314-type" cobaltates are a promising class of material systems for the exploration of materials with potential applications as magnetic sensors or in the area of spintronics.Transition metal oxides (TMOs) with strong electron correlations are a fascinating class of material systems exhibiting exotic electronic and magnetic complexity which can be turned into promising technological applications. Example includes high-T c superconductivity (SC) in cuprates, 1 colossal magnetoresistance (CMR) in manganites 2 and multiferroicity in bismuth compounds. 3 For the practical utilization of these properties, a transition temperature near or above room temperature (RT) is usually required. In this context, ferrimagnetic TMOs with transition higher than RT have attracted considerable interest in recent times. For instance, Sr 2 FeMoO 6 and Sr 2 FeReO 6 materials having ferrimagnetic transition higher than 400 K show room temperature magnetoresistance. 4-6 Transition-metal-only ferrimagnetic double perovskites with chemical composition Mn 2 BReO 6 (B = Fe and Mn) show a new way to control magnetoresistance in spintronic materials. 7-9 The non-stoichiometric Ba 2 Fe 1.12 Os 0.88 O 6 compound (ferrimagnetic transition temperature T c = 370 K) shows the appearance of exchange bias effect near room temperature. 10 In this letter, we report the room temperature exchange bias effect and magnetoresistance for "314-type" cobaltate with composition SrCo 0.85 Fe 0.15 O 2.62 . The oxygen deficient "314-type" compounds crystallize in a tetragonal symmetry, space group I4/mmm with a 2a p × 2a p × 4a p (a p = lattice parameter of the cubic perovskite) type unit cell and show the appearance of above RT ferrimagnetism. [11][12][13][14][15][16] A pure phase polycrystalline sample of SrCo 0.85 Fe 0.15 O 2.62 was prepared by standard solid-state reaction method as reported previously. 16 The sample was characterized by X-ray powder diffraction (XRD) at room temperature (RT), performed in a Panalytical a)