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Oriental Bank Of Commerce Panipat Panipat Haryana MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Panipat Panipat Haryana

Bank
State
District
City
Branch
Address

MICR Code	132022005
Bank	Oriental Bank Of Commerce
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panipat Ibl School
Contact	0180-2639133
Bank Details	Oriental Bank Of Commerce Panipat Ibl School ORBC0101172

Location	Panipat, Panipat
City	Panipat
District	Panipat
State	Haryana
Pincode	132001
Country	IN
Address	I b l school lane,haryana,132001

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 132022005 for Panipat Ibl School 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 132022005 of Oriental Bank, Panipat Ibl School branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Panipat Ibl School branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Oriental Bank Of Commerce are available with micr code -

>>Gt Road Panipat >>Israna >>Madlauda Dist Panipat >>Overseas Panipat >>Panipat Ibl School >>Samalalkha >>Ssi Panipat

MICR code for Oriental Bank Of Commerce Panipat Ibl School

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 Panipat Ibl School 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. 132022005 is the MICR code of OBC Bank for Panipat Ibl School branch. MICR code for Panipat Ibl School 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 Panipat Ibl School is presented in the table alongside.

Use of Oriental Bank MICR code for Panipat Ibl School branch in panipat

The MICR code 132022005 is used in RBI cheque clearing process to identify the branch Panipat Ibl School 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.