Oriental Bank Of Commerce Mohali Rupnagar Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Mohali Rupnagar Punjab

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MICR Code	160022003
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	S.A.S. Nagar Mohali
Contact	0172-2224927
Bank Details	Oriental Bank Of Commerce S.A.S. Nagar Mohali ORBC0100794

Location	Mohali, Rupnagar
City	Mohali
District	Rupnagar
State	Punjab
Pincode
Country	IN
Address	Sco 99,sector-60,phase-3-b-2 sas nagar,punjab ,

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 160022003 for S.A.S. Nagar Mohali 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 160022003 of Oriental Bank, S.A.S. Nagar Mohali branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for S.A.S. Nagar Mohali branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Oriental Bank Of Commerce are available with micr code -

>>Govt College Sec 56 Phase 6 >>Mullanpur Garibdass >>S.A.S. Nagar Mohali >>Sector 55 Mohali >>Sector 65 Phase Xi Mohali >>Sector 70 Mohali

MICR code for Oriental Bank Of Commerce S.A.S. Nagar Mohali

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 S.A.S. Nagar Mohali 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. 160022003 is the MICR code of OBC Bank for S.A.S. Nagar Mohali branch. MICR code for S.A.S. Nagar Mohali 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 S.A.S. Nagar Mohali is presented in the table alongside.

Use of Oriental Bank MICR code for S.A.S. Nagar Mohali branch in mohali

The MICR code 160022003 is used in RBI cheque clearing process to identify the branch S.A.S. Nagar Mohali 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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