Oriental Bank Of Commerce Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Indore Indore Madhya Pradesh

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MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch A.B.Road Indore
Contact 9425343720
Bank Details Oriental Bank Of Commerce A.B.Road Indore ORBC0101305
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452008
Country IN
Address Nikita apartment,plot no.3,r k puram colony,adjoining amaltas hotel,a b road ,indore-452008
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 452022008 for A.B.Road Indore 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 452022008 of Oriental Bank, A.B.Road Indore branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for A.B.Road Indore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Oriental Bank Of Commerce A.B.Road Indore

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 A.B.Road Indore 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. 452022008 is the MICR code of OBC Bank for A.B.Road Indore branch. MICR code for A.B.Road Indore 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 A.B.Road Indore is presented in the table alongside.

Use of Oriental Bank MICR code for A.B.Road Indore branch in indore

The MICR code 452022008 is used in RBI cheque clearing process to identify the branch A.B.Road Indore 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.

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