Oriental Bank Of Commerce Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Ludhiana Ludhiana Punjab

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MICR Code	141022023
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	Sps Apollo Hospital
Contact	0161-2530630
Bank Details	Oriental Bank Of Commerce Sps Apollo Hospital ORBC0101251

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141003
Country	IN
Address	Satguru partap singh,apollo hospital,punjab ,141003

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 141022023 for Sps Apollo Hospital 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 141022023 of Oriental Bank, Sps Apollo Hospital branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Sps Apollo Hospital branch, makes the characters readable even if there are other marks and stamps on it.

A total of 39 branches of Oriental Bank Of Commerce are available with micr code -

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MICR code for Oriental Bank Of Commerce Sps Apollo Hospital

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 Sps Apollo Hospital 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. 141022023 is the MICR code of OBC Bank for Sps Apollo Hospital branch. MICR code for Sps Apollo Hospital 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 Sps Apollo Hospital is presented in the table alongside.

Use of Oriental Bank MICR code for Sps Apollo Hospital branch in ludhiana

The MICR code 141022023 is used in RBI cheque clearing process to identify the branch Sps Apollo Hospital 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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