IFSC Code Finder
IFSC Code Finder
ORIENTAL BANK OF COMMERCE Details
ORIENTAL BANK OF COMMERCE
BANKAPASI P.O.JAGESWARDIHI,TEH.KATWA,DIST BURDWAN,BANKAPASI
CHECK INTEREST RATES OF ALL
MAJOR BANKS OF INDIA INSTANTLY
SBI Personal Loan
ICICI Personal Loan
HDFC Personal Loan
Axis Personal Loan
Tata Capital Personal Loan
Fullerton Personal Loan
Indusind Personal Loan
BOB Personal Loan
Aditya Birla Personal Loan
PNB Personal Loan
Check Your Eligibility
To know how much loan you can get
Last Year ITR
What is IFSC Code▼
The Indian Financial System Code, popularly known as IFSC code, is a unique 11-digit alphanumeric code that is used to identify all banks and their branches at the time of online fund transfer process via NEFT, RTGS and IMPS. The Reserve Bank of India (RBI) issues the IFSC code to each bank. You can find the IFSC code on each cheque leaf and bank account passbook issued by the bank, or on the official website of the bank and RBI.
Key benefits of IFSC Code1. Smooth electronic fund transfer: 2. IFSC code is used for hassle-free and convenient online or electronic fund transfer from one bank account to another via NEFT, RTGS and NEFT. 3. Unique bank branch identification: 4. Helps uniquely identify a specific bank and its branch, helping customers to transfer funds to the right bank account. Fraud prevention: IFSC Code enables customers to execute an online transfer of funds securely, hence eliminating the chances of any fraudulent activity in the fund transfer process.
The 11-digit alphanumeric IFSC code includes 3 essential components – bank code, zero (0) and specific branch code. Here is an example of IFSC Code of Punjab National Bank (Preet Vihar), Delhi branch.
|Punjab National Bank Code||Zero||Punjab National Bank Branch Code|
|P U N B||0||1 3 9 9 0 0|
1. The first 4 characters represent the Punjab National Bank code
2. The 5th character is a ‘0’
3. The remaining 6 characters refer the Preet Vihar, Delhi branch code
Features Of IFSC Code▼
1. IFSC Code is critical to facilitate the electronic or online fund transfer via NEFT, RTGS and IMPS.
2. With IFSC Code, the respective bank and the RBI can easily track and maintain all financial transactions done using online payment methods like NEFT, RTGS, IMPS, etc.
3. It is used to facilitate the unique identification of all banks and their respective branches so that customers are not trapped by cyber criminals and frauds while transferring money online from one account to another.
4. The IFSC code helps to recognize the specific beneficiary’s branch where the funds will be transferred.
How to use IFSC Code to transfer money▼
Customers can use the IFSC Code to transfer funds online from one bank account to another instantly and conveniently. The IFSC Code can also be used for credit card bill payments online.
The IFSC code is used to carry out the following online payment services:
|Process||NEFT settlement are made in a batch-wise format.Money is transferred to all NEFT-enabled banks in India at anytime from anywhere.||A payment service in which money is sent in the beneficiary bank account as and when the fund transfer process is initiated.||IMPS is a real time and instant electronic fund transfer process.it is considered a secure and faster method of fund transfer.|
Max:no maximum limit
(per transaction limit is Rs.50,000)
|Min:Rs.2 lakh |
Max: no maximum limit
|Timings||24*7,365 days||7 am to 6 pm on all working days||24*7 ,365 days|
|Transaction Charge||No inward charge||No inward charge||Depends on individual member and bank PPCs|
How to find IFSC Code▼
Users can find the IFSC Code of a specific bank branch both online and offline through the following methods.
1. IFSC Code Finder on AfinozHere are the steps to find the IFSC Code of any bank branch on Afinoz.com:
1. Click on IFSC Finder on the top right corner of the website.
2. Enter your bank name, state, district and branch.
3. IFSC code along with other banks details will open on your screen.
2.Reserve Bank of IndiaYou can also search for IFSC Code on theofficial website of the Reserve Bank of India.
3. Internet/ mobile bankingYou can use your bank’s netbanking portal or mobile app to find the IFSC Code of your bank.
Offline MethodUse any of the following methods to find the IFSC Code of a particular bank branch offline.
1. PassbookAccount holders can find the IFSC code on a passbook issued by a bank
Cheque BookIFSC Code can also be found on the top of the cheque leaf issued by a bank. The MICR Code is printed at the bottom of the cheque leaf.
What is MICR Code?▼
Magnetic Ink Character Recognition (MICR) is a 9-digit numeric code that is used for faster processing of cheques. It is also unique for every bank branch and used to uniquely identify a particular bank branch participating in Electronic Clearing System (ECS). MICR Code can be found at the bottom of the cheque leaf and on the passbook issued by the bank to the account holder.
What is MICR Code used for?
2. The code is used to clear cheques that are deposited in machines.
3. Magnetic ink, reading machines and technology used in MICR help in avoiding errors.
4. MICR Code is as important as IFSC code to transfer funds using NEFT and IMPS.
5. MICR Code enables banking officials to scan cheques and read the information through the system.
6. As each bank branch has unique MICR Code issued by RBI, it helps identify the particular bank branch and expedite the clearing process.
MICR Code FormatMICR is a 9-digit numeric code where the first 3 digits indicate city code, middle 3 represent bank code and the last 3 represent the bank branch code. For example, the MICR code for the ICICI branch at Safdarjung Enclave, New Delhi is 110229044. Here ‘110’ represents the city, ‘229’ represents the bank and ‘044’ represents the bank branch.
How to find MICR Code?The MICR code is printed next to the cheque number at the bottom of cheque leaves. MICR Number is printed in a unique font and ink that allows only a Magnetic Character Ink Reader to read and process the printed information.
Q. Is IFSC code required for IMPS?
Ans. Yes, using IFSC code is mandatory to transfer funds online using IMPS. If the receiver’s MMID is not available, you need account number, name and IFSC code of the receiver to transfer funds using IMPS.
Q. What is the full form of IFSC code?
Ans.IFSC stands for Indian Financial System Code.
Q. What are the common online payment services in India?
Ans.Most common online methods that are used to transfer funds from one bank account to another include RTGS (Real-time Gross Settlement), NEFT (National Electronic Fund Transfer), IMPS (Immediate Payment Service) and UPI (Unified Payment Interface).
Q. How to identify bank name by IFSC code?
Ans. It is very easy to recognize the bank name using IFSC code. The first four digits of the IFSC code indicate the bank name. For example, SBIN in ‘SBIN0001707’ IFSC code represents the State Bank of India.
Q. Do all bank branches located in the same city have different IFSC code?
Ans. Yes, as the name suggests IFSC Code is a unique group of numbers and vary from branch to branch of the same bank.
Q. Where can I find the IFSC code on the cheque book?
Ans. You can see the IFSC code on the top part of every cheque leaf issued by the bank.
Q. What is IFSC code?
Ans. IFSC code is a unique 11-digit alphanumeric code.
Q. What is IFSC code used for?
Ans. IFSC code is used to uniquely across all bank branches within the NEFT (National Electronic Funds Transfer) by the Reserve Bank of India.
Q. What is the full form of MICR Code?
Ans. MICR or Magnetic Ink Character Recognition is a group of nine number printed on the bottom of a cheque.
Q. What is the MICR Code used for?
Ans. MICR is a technology used by banks to verify the originality of cheques and other documents. The Reserve Bank of India identifies the bank branch using the MICR code.
Q. Are branch code and IFSC code similar?
Ans. No, IFSC code is different from the branch code.
Q. Where can I find the MICR code on the cheque?
Ans. MICR code appears next to the cheque number at the bottom of every cheque leaf given by banks.