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Oriental Bank Of Commerce Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Chennai Chennai Tamil Nadu

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mount Road Chennai
Contact 044-28494252
Bank Details Oriental Bank Of Commerce Mount Road Chennai ORBC0100165
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address 769,spencer plaza,ground floor,mount rd,tamil nadu,600002
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 600022003 for Mount Road Chennai 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 600022003 of Oriental Bank, Mount Road Chennai branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Mount Road Chennai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Oriental Bank Of Commerce Mount Road Chennai

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 Mount Road Chennai 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. 600022003 is the MICR code of OBC Bank for Mount Road Chennai branch. MICR code for Mount Road Chennai 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 Mount Road Chennai is presented in the table alongside.

Use of Oriental Bank MICR code for Mount Road Chennai branch in chennai

The MICR code 600022003 is used in RBI cheque clearing process to identify the branch Mount Road Chennai 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.