Oriental Bank Of Commerce Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Ranchi Ranchi Jharkhand

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State
District
City
Branch
Address

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	Ranchradu
Contact	LAL VILLA,RATU ROAD
Bank Details	Oriental Bank Of Commerce Ranchradu ORBC0102188

Location	Ranchi, Ranchi
City	Ranchi
District	Ranchi
State	Jharkhand
Pincode
Country	IN
Address	9431108024

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

A total of 8 branches of Oriental Bank Of Commerce are available with micr code -

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MICR code for Oriental Bank Of Commerce Ranchradu

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 Ranchradu 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 Ranchradu branch. MICR code for Ranchradu 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 Ranchradu is presented in the table alongside.

Use of Oriental Bank MICR code for Ranchradu branch in ranchi

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