Oriental Bank of Commerce (OBC) IFSC Code (Indian Financial System Code) is an 11-character alphanumeric code used to identify OBC bank's branches for various online fund transfer modes including IMPS, NEFT, and RTGS.
Oriental Bank of Commerce (OBC) IFSC Code Format
OBC IFSC comprises of an 11-digit alphanumeric code that is unique to the banking institution and its all branches. The first 4 characters represent the bank name and the last six characters represent the branch code. The fifth character is usually “0”. This code for every branch is mentioned on the chequebook or every cheque leaf provided by the bank.
|OBC Bank Code||Zero||OBC Bank's Branch Code|
In the above example, “ORBC0101665” is the IFSC code for OBC Bank's Janakpuri branch in Delhi.
‘ORBC’ is the bank code followed by a ‘0’ and ‘101665’ indicates the Janakpuri (Delhi) branch code.
How does the IFSC Code of OBC Bank works?
The IFSC code is used for electronic transactions, as it is helpful in identifying the correct branch of the receiving bank because each branch has a unique IFSC code. These are the codes that are required to do National Electronic Funds Transfer and RTGS Real Time Gross Settlement.
The following information about the Beneficiary is mandatory in order to carry out fund transfer-
- Beneficiary Name
- Beneficiary Address
- Beneficiary Account Number
- Beneficiary Account Type (only in case of NEFT)
- IFSC Code of the Beneficiary's Bank Branch
How to find OBC's IFSC Code & MICR Code?
Below are the different modes to find Oriental Bank of Commerce's IFSC and MICR code:
1. IFSC Search Tool offered by Paisabazaar
Log on to Paisabazaar.com and navigate to the IFSC Code Locator in the Tools menu. On that page, input details such as Bank, State, City and Branch Name to get the Oriental Bank of Commerce IFSC Code instantly.
2. Reserve Bank of India
The RBI maintains a record of IFSC Codes for each bank and branch in India offering an online fund transfer facility to the consumers. One can visit the official RBI website to get the IFSC Code for any Oriental Bank of Commerce branch.
3. Internet Banking / Mobile Banking
These codes can also be found on various OBC's digital banking platforms like -
- Mobile Banking app
- Netbanking Portal
4. OBS's Cheque Leaf and Bank Passbook
IFSC code can be found on cheque leaf and bank passbook of the OBC bank. The image below will help understand better:
IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code are placed at the bottom of the cheque.
What is MICR code?
Magnetic Ink Character Recognition Code (MICR) is a 9 digit code used for faster processing of cheques.The first 3 digits define the city code, the next 3 represent the bank code and the last 3 digits are the code of the bank branch.
What are the different modes of fund transfer using Oriental Bank IFSC Code?
Banks provide multiple transfer methods such as NEFT, RTGS, IMPS etc. Based on the value of the transaction, the speed of transfer, service availability, and other factors, each of the transfer will provide different kinds of features and flexibility -
|NEFT stands for National Electronic Funds Transfer||RTGS stands for Real Time Gross Settlement||IMPS stands for Immediate Payment Service|
|With NEFT, one can transfer money to the recipient’s account in a one-on-one transfer basis with the help of IFSC Code.||Business owners can use RTGS when they need to transfer large amounts and the amount is transferred in real time.||IMPS is another real-time payment service, but the distinguishing factor is that IMPS is available 24*7.|
About Oriental Bank of Commerce
Oriental Bank of Commerce (OBC), a public sector bank established in the year 1943 and headquartered in Gurgaon. The bank provides various financial and banking services to its customers such as deposit accounts, loans, debit cards, credit cards, insurance, ATMs, internet banking, mobile banking and many more.