Oriental Bank Of Commerce

Oriental Bank Of Commerce IFSC and MICR Codes


Oriental Bank Of Commerce

IFSC code, MICR code and Bank Branches in India

Oriental Bank Of Commerce IFSC Code

The bank’s IFSC code will start from ORBC0******. The code consists of 11 characters in all comprising of both numbers and alphabets. The first four characters will give you the name of the branch, the fifth character will always be a zero while the last six characters are unique as it indicates the particular branch.
You will need the IFSC code of Oriental bank of Commerce if you have an account with the bank and want to buy mutual fund or insurance or any other financial product. Also, if you want to transfer money to any other bank account using any of the money transfer facilities such as National electronic fund transfer (NEFT), real time gross settlement (RTGS) and IMPS (immediate payment system).

NEFT or RTGS which one to use?
NEFT is the widely used money transfer facility because there is no minimum and maximum fund transfer limit on the amount that can be transferred. You can use RTGS only if you are transferring atleast Rs 2 lakh. Under NEFT the transfer of funds happen after a time lag while in case of RTGS the money transfer is instant. The money transfer happens within 30 minutes.

About Oriental Bank Of Commerce

A government of India undertaking that was incorporated in 1943. It was nationalized in 1980. In 2002, the bank established specialized branches for women entrepreneurs in 2002. The bank provides a personal, corporate and NRI banking services. The bank is listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).