MICR Code Bank
Find MICR code for Oman International Bank branches in India for NEFT and RTGS transfer

Oman International Bank MICR CODE

Find MICR Codes for Oman International Bank

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  1. Oman International Bank Saog »
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Find MICR Codes for Oman International Bank

MICR Code: 400210002
Bank: Oman International Bank Saog
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mumbai
Contact: 66324848
Bank Details: Oman International Bank Saog Mumbai OIBA0000002
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400021
Country: IN
Address: 201, raheja centre, free press, journal marg, nariman point, mumbai 400 021

How does MICR code for 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 of HSBC Bank Oman SAOG, branch makes the system almost error free and faster. Use of HSBC Bank Oman SAOG MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Oman International Bank Saog are available with micr code

>>Mumbai

MICR code for Oman International Bank

Oman International Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HSBC Bank Oman SAOG MICR code for 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. is the MICR code of Oman International Bank for branch. MICR code for 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 HSBC Bank Oman SAOG is presented in the table alongside.

Use of HSBC Bank Oman SAOG MICR code for branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch and HSBC Bank Oman SAOG 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 Oman International Bank is typically in either of these two font’s: E-138 and CMC-7.