Let Others Know
×
LinkedIn
Email
WhatsApp

Oriental Bank Of Commerce Kapurthala Kapurthala Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Kapurthala Kapurthala Punjab

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chachoki
Contact 8872049108
Bank Details Oriental Bank Of Commerce Chachoki ORBC0101867
Location Kapurthala, Kapurthala
City Kapurthala
District Kapurthala
State Punjab
Pincode 144632
Country IN
Address Village chachoki distt kapurthala pin 144632 punjab
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 0 for Chachoki 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 0 of Oriental Bank, Chachoki branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Chachoki branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Oriental Bank Of Commerce are available with micr code -

>>Begowal >>Chachoki >>Kapurthala >>Kapurthala Shalimar Bagh Rd >>Maheru Distt. Kapurthala >>Sultanpur Lodhi

MICR code for Oriental Bank Of Commerce Chachoki

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 Chachoki 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. 0 is the MICR code of OBC Bank for Chachoki branch. MICR code for Chachoki 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 Chachoki is presented in the table alongside.

Use of Oriental Bank MICR code for Chachoki branch in kapurthala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chachoki 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.