Let Others Know
×
LinkedIn
Email
WhatsApp

Oriental Bank Of Commerce Raikot Ludhiana Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Raikot Ludhiana Punjab

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raikot
Contact 01624- 265021
Bank Details Oriental Bank Of Commerce Raikot ORBC0100792
Location Raikot, Ludhiana
City Raikot
District Ludhiana
State Punjab
Pincode 141109
Country IN
Address Malerkotla rd, near,jagpal palace,raikot,punjab ,141109
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 ludhiana

You can search through MICR Codes of Punjab branches in raikot of District ludhiana in Punjab 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 -

>>Raikot

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

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

Oriental Bank MICR code in raikot

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