Oriental Bank Of Commerce Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Aurangabad Aurangabad Maharashtra

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MICR Code	431022003
Bank	Oriental Bank Of Commerce
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Aurangabad (Maharashtra)
Contact	0240-2353050
Bank Details	Oriental Bank Of Commerce Aurangabad (Maharashtra) ORBC0100709

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431001
Country	IN
Address	1st floor khatod house,nirala bazar,maharashtra ,431001

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 431022003 for Aurangabad (Maharashtra) 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 431022003 of Oriental Bank, Aurangabad (Maharashtra) branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Aurangabad (Maharashtra) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Oriental Bank Of Commerce are available with micr code -

>>Aurangabad (Maharashtra) >>Sutgirini Chowk Aurangabad

MICR code for Oriental Bank Of Commerce Aurangabad (Maharashtra)

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 Aurangabad (Maharashtra) 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. 431022003 is the MICR code of OBC Bank for Aurangabad (Maharashtra) branch. MICR code for Aurangabad (Maharashtra) 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 Aurangabad (Maharashtra) is presented in the table alongside.

Use of Oriental Bank MICR code for Aurangabad (Maharashtra) branch in aurangabad

The MICR code 431022003 is used in RBI cheque clearing process to identify the branch Aurangabad (Maharashtra) 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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