Oriental Bank Of Commerce Sagar Sagar Madhya Pradesh MICR CODE

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

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MICR Code	470022002
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	Sagar Cantt
Contact	07582-224485
Bank Details	Oriental Bank Of Commerce Sagar Cantt ORBC0100953

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470001
Country	IN
Address	Cantonment board campu,s, sagar cantt,sagar,madhya pradesh,470001

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 470022002 for Sagar Cantt 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 470022002 of Oriental Bank, Sagar Cantt branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Sagar Cantt branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Oriental Bank Of Commerce are available with micr code -

>>Sagar Cantt >>Sagar Mp

MICR code for Oriental Bank Of Commerce Sagar Cantt

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 Sagar Cantt 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. 470022002 is the MICR code of OBC Bank for Sagar Cantt branch. MICR code for Sagar Cantt 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 Sagar Cantt is presented in the table alongside.

Use of Oriental Bank MICR code for Sagar Cantt branch in sagar

The MICR code 470022002 is used in RBI cheque clearing process to identify the branch Sagar Cantt 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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