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Oriental Bank Of Commerce Niphad Nasik Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Niphad Nasik Maharashtra

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Niphad
Contact 02550-241139
Bank Details Oriental Bank Of Commerce Niphad ORBC0101669
Location Niphad, Nasik
City Niphad
District Nasik
State Maharashtra
Pincode 422403
Country IN
Address Oriental bank of commerce,ugav road,niphad
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 nasik

You can search through MICR Codes of Maharashtra branches in niphad of District nasik in Maharashtra 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 -

>>Niphad

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

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

Oriental Bank MICR code in niphad

Oriental Bank Of Commerce MICR code is a character recognition technology used by banks in the processing of cheques. Oriental Bank MICR code for niphad 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 niphad, 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 niphad 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 niphad 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 niphad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of OBC Bank MICR codes for niphad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!