MICR Code Bank
Find MICR code for Oriental Bank Of Commerce branches in India for NEFT and RTGS transfer

Oriental Bank Of Commerce MICR CODE

Find MICR Codes for Oriental Bank Of Commerce

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  1. Oriental Bank Of Commerce »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. maheshwari manson napeansea rd

Find MICR Codes for Oriental Bank Of Commerce

MICR Code: 400022060
Bank: Oriental Bank Of Commerce
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Maheshwari Manson Napeansea Rd
Contact: 022-23696223
Bank Details: Oriental Bank Of Commerce Maheshwari Manson Napeansea Rd ORBC0101096
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400036
Country: IN
Address: Unit no.2, ground flr,maheshwari mansion,maharashtra ,400036

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

MICR code for Oriental Bank Of Commerce

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

Use of Oriental Bank MICR code for branch in mumbai

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