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Oriental Bank Of Commerce Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Chennai Chennai Tamil Nadu

MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Trade Finance Centre
Contact
Bank Details Oriental Bank Of Commerce Trade Finance Centre ORBC0105302
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address Ground floor,769,spencer piaza,mount road,chennai-600002, tamil nadu.
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 Trade Finance Centre 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, Trade Finance Centre branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Trade Finance Centre branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Oriental Bank Of Commerce Trade Finance Centre

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 Trade Finance Centre 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 Trade Finance Centre branch. MICR code for Trade Finance Centre 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 Trade Finance Centre is presented in the table alongside.

Use of Oriental Bank MICR code for Trade Finance Centre branch in chennai

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