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Oriental Bank Of Commerce Shyam Nagar Mandi Gautam Bodda Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Shyam Nagar Mandi Gautam Bodda Nagar Uttar Pradesh

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shyam Nagar Mandi Gautam Budh
Contact 0120-2565061
Bank Details Oriental Bank Of Commerce Shyam Nagar Mandi Gautam Budh ORBC0100226
Location Shyam Nagar Mandi, Gautam Bodda Nagar
City Shyam Nagar Mandi
District Gautam Bodda Nagar
State Uttar Pradesh
Pincode 203202
Country IN
Address Sikanderabad-dankaur,rd, dist-gautam budh,uttar pradesh,203202
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 0 for Shyam Nagar Mandi Gautam Budh 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 0 of Oriental Bank, Shyam Nagar Mandi Gautam Budh branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Shyam Nagar Mandi Gautam Budh 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 -

>>Shyam Nagar Mandi Gautam Budh

MICR code for Oriental Bank Of Commerce Shyam Nagar Mandi Gautam Budh

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 Shyam Nagar Mandi Gautam Budh 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. 0 is the MICR code of OBC Bank for Shyam Nagar Mandi Gautam Budh branch. MICR code for Shyam Nagar Mandi Gautam Budh 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 Shyam Nagar Mandi Gautam Budh is presented in the table alongside.

Use of Oriental Bank MICR code for Shyam Nagar Mandi Gautam Budh branch in shyam nagar mandi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Shyam Nagar Mandi Gautam Budh 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.