Oriental Bank Of Commerce Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Gwalior Gwalior Madhya Pradesh

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MICR Code	474022001
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	Naya Bazar Gwalior
Contact	0751-4077259
Bank Details	Oriental Bank Of Commerce Naya Bazar Gwalior ORBC0100135

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	474009
Country	IN
Address	Naya bazar,madhya pradesh,474009

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 474022001 for Naya Bazar Gwalior 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 474022001 of Oriental Bank, Naya Bazar Gwalior branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Naya Bazar Gwalior branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Oriental Bank Of Commerce are available with micr code -

>>Ec Gwalior Jail Road >>Ec Sada Gwalior >>Ihm Gwalior >>Naya Bazar Gwalior >>Thatipur Gwalior

MICR code for Oriental Bank Of Commerce Naya Bazar Gwalior

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 Naya Bazar Gwalior 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. 474022001 is the MICR code of OBC Bank for Naya Bazar Gwalior branch. MICR code for Naya Bazar Gwalior 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 Naya Bazar Gwalior is presented in the table alongside.

Use of Oriental Bank MICR code for Naya Bazar Gwalior branch in gwalior

The MICR code 474022001 is used in RBI cheque clearing process to identify the branch Naya Bazar Gwalior 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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