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Oriental Bank Of Commerce Bagalkot Bagalkot Karnataka MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Bagalkot Bagalkot Karnataka

Bank
State
District
City
Branch
Address

MICR Code	587022001
Bank	Oriental Bank Of Commerce
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bagalkot
Contact	080-25808913
Bank Details	Oriental Bank Of Commerce Bagalkot ORBC0101784

Location	Bagalkot, Bagalkot
City	Bagalkot
District	Bagalkot
State	Karnataka
Pincode	587103
Country	IN
Address	18 bvvs campus belgaum raichur main road,bagalkot-587103

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 587022001 for Bagalkot 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 587022001 of Oriental Bank, Bagalkot branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Bagalkot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Oriental Bank Of Commerce are available with micr code -

>>Bagalkot

MICR code for Oriental Bank Of Commerce Bagalkot

Oriental Bank Of Commerce MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Oriental Bank MICR code for Bagalkot 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. 587022001 is the MICR code of OBC Bank for Bagalkot branch. MICR code for Bagalkot 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 Oriental Bank Bagalkot is presented in the table alongside.

Use of Oriental Bank MICR code for Bagalkot branch in bagalkot

The MICR code 587022001 is used in RBI cheque clearing process to identify the branch Bagalkot and Oriental 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 OBC Bank is typically in either of these two font’s: E-138 and CMC-7.