Oriental Bank Of Commerce Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Amritsar Amritsar 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 Majitha Road
Contact 0183-2573001
Bank Details Oriental Bank Of Commerce Majitha Road ORBC0101183
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Sharda house,6, diamond avenue,punjab ,
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 143022018 for Majitha Road 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 143022018 of Oriental Bank, Majitha Road branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Majitha Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Oriental Bank Of Commerce Majitha Road

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 Majitha Road 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. 143022018 is the MICR code of OBC Bank for Majitha Road branch. MICR code for Majitha Road 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 Majitha Road is presented in the table alongside.

Use of Oriental Bank MICR code for Majitha Road branch in amritsar

The MICR code 143022018 is used in RBI cheque clearing process to identify the branch Majitha Road 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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