Oriental Bank Of Commerce Raigad Raigad Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Raigad Raigad Maharashtra

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MICR Code	400022066
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	New Panvel
Contact	27453370,27453352
Bank Details	Oriental Bank Of Commerce New Panvel ORBC0101202

Location	Raigad, Raigad
City	Raigad
District	Raigad
State	Maharashtra
Pincode	410206
Country	IN
Address	Unit01 plot-03 balaji,shrusti sec-19, panvel,maharashtra ,410206

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 400022066 for New Panvel 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 400022066 of Oriental Bank, New Panvel branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for New Panvel 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 -

>>New Panvel

MICR code for Oriental Bank Of Commerce New Panvel

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 New Panvel 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. 400022066 is the MICR code of OBC Bank for New Panvel branch. MICR code for New Panvel 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 New Panvel is presented in the table alongside.

Use of Oriental Bank MICR code for New Panvel branch in raigad

The MICR code 400022066 is used in RBI cheque clearing process to identify the branch New Panvel 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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