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Oriental Bank Of Commerce Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Mumbai Mumbai Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	400022038
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	Borivali East
Contact
Bank Details	Oriental Bank Of Commerce Borivali East ORBC0100969

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400099
Country	IN
Address	5 to 8 krishna chs,shantivan borivali eas,maharashtra ,400099

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 400022038 for Borivali East 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 400022038 of Oriental Bank, Borivali East branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Borivali East branch, makes the characters readable even if there are other marks and stamps on it.

A total of 58 branches of Oriental Bank Of Commerce are available with micr code -

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MICR code for Oriental Bank Of Commerce Borivali East

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 Borivali East 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. 400022038 is the MICR code of OBC Bank for Borivali East branch. MICR code for Borivali East 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 Borivali East is presented in the table alongside.

Use of Oriental Bank MICR code for Borivali East branch in mumbai

The MICR code 400022038 is used in RBI cheque clearing process to identify the branch Borivali East 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.