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Cosmos Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Cosmos Bank Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Cosmos Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ameerpeth
Contact Mr. Agale Vishwas ,Manager Ph.No.040-23738688
Bank Details Cosmos Co-Op Bank Ltd Ameerpeth COSB0000048
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500016
Country IN
Address Mch no. 8-3-940 & 940/a to e tirunalla yellareddyguda, shah residency, ameer pet, hyderabad 500016 andhra pradesh
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 500164003 for Ameerpeth 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 500164003 of Cosmos Cooperative Bank, Ameerpeth branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Ameerpeth 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 -

>>Ameerpeth >>Hyderabad

MICR code for Cosmos Bank Ameerpeth

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 Ameerpeth 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. 500164003 is the MICR code of Cosmos Bank for Ameerpeth branch. MICR code for Ameerpeth 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 Ameerpeth is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Ameerpeth branch in hyderabad

The MICR code 500164003 is used in RBI cheque clearing process to identify the branch Ameerpeth 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.