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Oriental Bank Of Commerce Talera Bundi Rajasthan MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Talera Bundi Rajasthan

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Talera
Contact 0747-2438150
Bank Details Oriental Bank Of Commerce Talera ORBC0101521
Location Talera, Bundi
City Talera
District Bundi
State Rajasthan
Pincode 323021
Country IN
Address Kota bundi highway, near lakhpath udyog, ioc petrol pump, po: talera, distt: bundi, pin - 323021
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 Talera 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, Talera branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Talera 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 -

>>Talera

MICR code for Oriental Bank Of Commerce Talera

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 Talera 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 Talera branch. MICR code for Talera 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 Talera is presented in the table alongside.

Use of Oriental Bank MICR code for Talera branch in talera

The MICR code 0 is used in RBI cheque clearing process to identify the branch Talera 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.