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	-NA-
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	Goyal Nagar Indore
Contact
Bank Details	Oriental Bank Of Commerce Goyal Nagar Indore ORBC0101631

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452018
Country	IN
Address	Simran regency, 108, sarv suvidha nagar, indore,

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 Goyal Nagar 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 0 of Oriental Bank, Goyal Nagar Indore branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Goyal Nagar Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Oriental Bank Of Commerce are available with micr code -

>>A.B.Road Indore >>Goyal Nagar Indore >>Indore Airport Road >>Indore Jakhiya >>Indore Sneh Nagar >>Indore Sudama Nagar >>Jamniya Khurd Distt Indore >>Rnt Marg Indore >>Scheme No 54 Indore >>Scheme No. One Three Four Indore >>Sgsits Indore >>Tilak Nagar Indore

MICR code for Oriental Bank Of Commerce Goyal Nagar 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 Goyal Nagar 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. 0 is the MICR code of OBC Bank for Goyal Nagar Indore branch. MICR code for Goyal Nagar 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 Goyal Nagar Indore is presented in the table alongside.

Use of Oriental Bank MICR code for Goyal Nagar Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Goyal Nagar 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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