Oriental Bank Of Commerce Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Nashik Nasik Maharashtra

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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	Nasik Satpur
Contact	SHOP NO. 4 , NICE SANKUL ,ITI SIGNAL , MIDC SATPUR, NASIK , MAHARASHTRA - 422007
Bank Details	Oriental Bank Of Commerce Nasik Satpur ORBC0102186

Location	Nashik, Nasik
City	Nashik
District	Nasik
State	Maharashtra
Pincode	422011
Country	IN
Address	7350698531

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 Nasik Satpur 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, Nasik Satpur branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Nasik Satpur 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 -

>>Nasik Satpur

MICR code for Oriental Bank Of Commerce Nasik Satpur

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 Nasik Satpur 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 Nasik Satpur branch. MICR code for Nasik Satpur 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 Nasik Satpur is presented in the table alongside.

Use of Oriental Bank MICR code for Nasik Satpur branch in nashik

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