Oriental Bank Of Commerce Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Mumbai Mumbai Maharashtra

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MICR Code	400022061
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	Peddar Road Branch
Contact
Bank Details	Oriental Bank Of Commerce Peddar Road Branch ORBC0101097

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400026
Country	IN
Address	Ground floor, bhagwat,niwas, peddar road,maharashtra ,400026

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 400022061 for Peddar Road Branch 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 400022061 of Oriental Bank, Peddar Road Branch branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Peddar Road Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 58 branches of Oriental Bank Of Commerce are available with micr code -

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MICR code for Oriental Bank Of Commerce Peddar Road Branch

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 Peddar Road Branch 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. 400022061 is the MICR code of OBC Bank for Peddar Road Branch branch. MICR code for Peddar Road Branch 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 Peddar Road Branch is presented in the table alongside.

Use of Oriental Bank MICR code for Peddar Road Branch branch in mumbai

The MICR code 400022061 is used in RBI cheque clearing process to identify the branch Peddar Road Branch 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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