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Oriental Bank Of Commerce Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Amritsar Amritsar Punjab

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ec Amritsar College Of Engg And T
Contact 0183-2440732
Bank Details Oriental Bank Of Commerce Ec Amritsar College Of Engg And T ORBC0105249
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143115
Country IN
Address Amritsar college of,engg. & tech, manawala,punjab ,143115
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 Ec Amritsar College Of Engg And T 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, Ec Amritsar College Of Engg And T branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Ec Amritsar College Of Engg And T branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Oriental Bank Of Commerce Ec Amritsar College Of Engg And T

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 Ec Amritsar College Of Engg And T 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 Ec Amritsar College Of Engg And T branch. MICR code for Ec Amritsar College Of Engg And T 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 Ec Amritsar College Of Engg And T is presented in the table alongside.

Use of Oriental Bank MICR code for Ec Amritsar College Of Engg And T branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ec Amritsar College Of Engg And T 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.