Oriental Bank Of Commerce Korba Korba Chhattisgarh MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Korba Korba Chhattisgarh

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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	Korba
Contact	07759-222431
Bank Details	Oriental Bank Of Commerce Korba ORBC0100710

Location	Korba, Korba
City	Korba
District	Korba
State	Chhattisgarh
Pincode	495679
Country	IN
Address	40, indra commercial, complex, chhattisgarh, 495679

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

A total of 1 branches of Oriental Bank Of Commerce are available with micr code -

>>Korba

MICR code for Oriental Bank Of Commerce Korba

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 Korba 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 Korba branch. MICR code for Korba 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 Korba is presented in the table alongside.

Use of Oriental Bank MICR code for Korba branch in korba

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