Cosmos Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Cosmos Bank Chennai Chennai Tamil Nadu

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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 Madipakkam
Contact 9445967484
Bank Details Cosmos Co-Op Bank Ltd Madipakkam COSB0000127
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600091
Country IN
Address Plot no 2, new door no 3 , ground floor , defence colony , medavakkam main road , madipakkam ,chennai 600091
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 600164003 for Madipakkam 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 600164003 of Cosmos Cooperative Bank, Madipakkam branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Madipakkam 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 -

>>Anna Nagar Branch >>Madipakkam

MICR code for Cosmos Bank Madipakkam

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 Madipakkam 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. 600164003 is the MICR code of Cosmos Bank for Madipakkam branch. MICR code for Madipakkam 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 Madipakkam is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Madipakkam branch in chennai

The MICR code 600164003 is used in RBI cheque clearing process to identify the branch Madipakkam 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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