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The Odisha State Cooperative Bank Ltd Paradeep Jagatsinghpur Orissa MICR CODE

Find MICR Codes for The Odisha State Cooperative Bank Ltd Paradeep Jagatsinghpur Orissa

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	The Odisha State Cooperative Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paradeep
Contact
Bank Details	The Odisha State Cooperative Bank Ltd Paradeep ORCB0001005

Location	Paradeep, Jagatsinghpur
City	Paradeep
District	Jagatsinghpur
State	Orissa
Pincode	754142
Country	IN
Address	Badapadia, paradeep, jagatsinghpur - 754142

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 Paradeep 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 OSCB, Paradeep branch makes the system almost error free and faster. Use of OSCB MICR codes for Paradeep branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Odisha State Cooperative Bank Ltd are available with micr code -

>>Paradeep

MICR code for The Odisha State Cooperative Bank Ltd Paradeep

The Odisha State Cooperative Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. OSCB MICR code for Paradeep 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 The Odisha State Cooperative Bank Ltd for Paradeep branch. MICR code for Paradeep 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 OSCB Paradeep is presented in the table alongside.

Use of OSCB MICR code for Paradeep branch in paradeep

The MICR code 0 is used in RBI cheque clearing process to identify the branch Paradeep and OSCB 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 The Odisha State Cooperative Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.