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Oriental Bank Of Commerce Madurai Madurai Tamil Nadu MICR CODE

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

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch North Veli Street Madurai
Contact 0452-2348183
Bank Details Oriental Bank Of Commerce North Veli Street Madurai ORBC0101089
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625001
Country IN
Address 16 & 17 a.r.plaza,north veli street,tamil nadu,625001
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 625022003 for North Veli Street Madurai 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 625022003 of Oriental Bank, North Veli Street Madurai branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for North Veli Street Madurai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Oriental Bank Of Commerce are available with micr code -

>>North Veli Street Madurai

MICR code for Oriental Bank Of Commerce North Veli Street Madurai

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 North Veli Street Madurai 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. 625022003 is the MICR code of OBC Bank for North Veli Street Madurai branch. MICR code for North Veli Street Madurai 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 North Veli Street Madurai is presented in the table alongside.

Use of Oriental Bank MICR code for North Veli Street Madurai branch in madurai

The MICR code 625022003 is used in RBI cheque clearing process to identify the branch North Veli Street Madurai 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.