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Cosmos Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Cosmos Bank Chennai Chennai Tamil Nadu

Bank
State
District
City
Branch
Address

MICR Code	600164004
Bank	Cosmos Co-Op Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Anna Nagar Branch
Contact	9444256446
Bank Details	Cosmos Co-Op Bank Ltd Anna Nagar Branch COSB0000126

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600040
Country	IN
Address	Cosmos bank ltd , 1st floor , door no 223,iind avenue, y block , vi th main road , anna nagar,chennai 600040

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 600164004 for Anna 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 600164004 of Cosmos Cooperative Bank, Anna Nagar Branch branch makes the system almost error free and faster. Use of Cosmos Cooperative Bank MICR codes for Anna Nagar Branch 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 Anna 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 Anna 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. 600164004 is the MICR code of Cosmos Bank for Anna Nagar Branch branch. MICR code for Anna 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 Anna Nagar Branch is presented in the table alongside.

Use of Cosmos Cooperative Bank MICR code for Anna Nagar Branch branch in chennai

The MICR code 600164004 is used in RBI cheque clearing process to identify the branch Anna 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.