Oriental Bank Of Commerce Mumbai Na Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Mumbai Na Maharashtra

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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	Stock Exchange
Contact	Na
Bank Details	Oriental Bank Of Commerce Stock Exchange ORBC0000643

Location	Mumbai, Na
City	Mumbai
District	Na
State	Maharashtra
Pincode
Country	IN
Address	1 dr v b gandhi marg, fort, mumbai -23

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 Stock Exchange 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, Stock Exchange branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Stock Exchange 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 -

>>Fort >>Stock Exchange

MICR code for Oriental Bank Of Commerce Stock Exchange

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 Stock Exchange 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 Stock Exchange branch. MICR code for Stock Exchange 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 Stock Exchange is presented in the table alongside.

Use of Oriental Bank MICR code for Stock Exchange branch in mumbai

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