Oriental Bank Of Commerce Derra Bassi Patiala Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Derra Bassi Patiala Punjab

Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dera Bassi
Bank Details Oriental Bank Of Commerce Dera Bassi ORBC0100185
Location Derra Bassi, Patiala
City Derra Bassi
District Patiala
State Punjab
Pincode 140507
Country IN
Address Gt road chandigarh,ambala highway,punjab ,140507
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.

Search Oriental Bank Of Commerce MICR Codes in patiala

You can search through MICR Codes of Punjab branches in derra bassi of District patiala in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Dera Bassi

How to find MICR codes for Oriental Bank Of Commerce in derra bassi?

Oriental Bank Of Commerce derra bassi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Oriental Bank MICR codes list for derra bassi, one can further search by branch name specified in the table. You can find MICR codes for all Oriental Bank Of Commerce derra bassi branches.

Oriental Bank MICR code in derra bassi

Oriental Bank Of Commerce MICR code is a character recognition technology used by banks in the processing of cheques. Oriental Bank MICR code for derra bassi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for OBC Bank branches in derra bassi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does OBC Bank MICR code for derra bassi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Oriental Bank Of Commerce derra bassi branch, sprinted 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. Thus MICR code for Oriental Bank derra bassi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of OBC Bank MICR codes for derra bassi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!