Oriental Bank Of Commerce Thane Thane Maharashtra MICR CODE

Find MICR Codes for Oriental Bank Of Commerce Thane Thane Maharashtra

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MICR Code	400022020
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	Ulhas Nagar Thane
Contact
Bank Details	Oriental Bank Of Commerce Ulhas Nagar Thane ORBC0100561

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	421003
Country	IN
Address	Mukhi mansion powai ch,ulhasnagar,maharashtra ,421003

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 400022020 for Ulhas Nagar Thane 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 400022020 of Oriental Bank, Ulhas Nagar Thane branch makes the system almost error free and faster. Use of Oriental Bank MICR codes for Ulhas Nagar Thane branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Oriental Bank Of Commerce are available with micr code -

>>Bhayander(W) Thane >>Padmavati Bldg Vasai(W) >>Pokran Thane >>Thane Thane >>Ulhas Nagar Thane >>Vasai Thane >>Venus Towers Thane

MICR code for Oriental Bank Of Commerce Ulhas Nagar Thane

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 Ulhas Nagar Thane 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. 400022020 is the MICR code of OBC Bank for Ulhas Nagar Thane branch. MICR code for Ulhas Nagar Thane 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 Ulhas Nagar Thane is presented in the table alongside.

Use of Oriental Bank MICR code for Ulhas Nagar Thane branch in thane

The MICR code 400022020 is used in RBI cheque clearing process to identify the branch Ulhas Nagar Thane 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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