Let Others Know
×
LinkedIn
Email
WhatsApp

Oriental Bank Of Commerce Sahnewal Ludhiana Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Sahnewal Ludhiana Punjab

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sahnewal
Contact 2844126
Bank Details Oriental Bank Of Commerce Sahnewal ORBC0100028
Location Sahnewal, Ludhiana
City Sahnewal
District Ludhiana
State Punjab
Pincode 141120
Country IN
Address Gt road sahnewal,distt ludhiana,punjab ,141120
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 141022019 for Sahnewal 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 141022019 of Oriental Bank, Sahnewal branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Sahnewal 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 -

>>Sahnewal

MICR code for Oriental Bank Of Commerce Sahnewal

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 Sahnewal 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. 141022019 is the MICR code of OBC Bank for Sahnewal branch. MICR code for Sahnewal 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 Sahnewal is presented in the table alongside.

Use of Oriental Bank MICR code for Sahnewal branch in sahnewal

The MICR code 141022019 is used in RBI cheque clearing process to identify the branch Sahnewal 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.