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Oriental Bank Of Commerce Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Visakhapatnam Visakhapatnam Andhra Pradesh

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Muralinagar
Contact 225561
Bank Details Oriental Bank Of Commerce Muralinagar ORBC0102145
Location Visakhapatnam, Visakhapatnam
City Visakhapatnam
District Visakhapatnam
State Andhra Pradesh
Pincode 530007
Country IN
Address D.no. 39-11-3/2, bank street, muralinagar
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 Muralinagar 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, Muralinagar branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Muralinagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Oriental Bank Of Commerce are available with micr code -

>>Muralinagar >>Thagarapuvalasa

MICR code for Oriental Bank Of Commerce Muralinagar

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 Muralinagar 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 Muralinagar branch. MICR code for Muralinagar 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 Muralinagar is presented in the table alongside.

Use of Oriental Bank MICR code for Muralinagar branch in visakhapatnam

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