Oriental Bank Of Commerce Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Ludhiana Ludhiana Punjab

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MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chaura Bazar Ludhiana
Contact 2704124
Bank Details Oriental Bank Of Commerce Chaura Bazar Ludhiana ORBC0100004
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141008
Country IN
Address Chaura bazar,punjab ,141008
MICR Code
Bank Oriental Bank Of Commerce
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bassian Ludhiana
Contact 01624-261428
Bank Details Oriental Bank Of Commerce Bassian Ludhiana ORBC0100049
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 143032
Country IN
Address Main rd,bassin,tehsil: raikot,punjab ,143032
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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 to find MICR codes for Oriental Bank Of Commerce in ludhiana?

Oriental Bank Of Commerce ludhiana MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Oriental Bank MICR codes list for ludhiana, one can further search by branch name specified in the table. You can find MICR codes for all Oriental Bank Of Commerce ludhiana branches.

Oriental Bank MICR code in ludhiana

Oriental Bank Of Commerce MICR code is a character recognition technology used by banks in the processing of cheques. Oriental Bank MICR code for ludhiana branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for OBC Bank branches in ludhiana, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does OBC Bank MICR code for ludhiana branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Oriental Bank Of Commerce ludhiana branch, sprinted 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. Thus MICR code for Oriental Bank ludhiana branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of OBC Bank MICR codes for ludhiana branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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