Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Odisha State Cooperative Bank Ltd for its Anugul branch in Angul, Nu, or Odisha, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of The Odisha State Cooperative Bank Ltd located in Angul or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code ORCB0001008. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for The Odisha State Cooperative Bank Ltd, Anugul, Angul
Here are some of the key details that come with the IFSC Code ORCB0001008 of The Odisha State Cooperative Bank Ltd for its branch located in Angul, within the district of Nu in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | The Odisha State Cooperative Bank Ltd |
| IFSC Code | ORCB0001008 |
| Branch | Anugul |
| City | Angul |
| District | Nu |
| State | Odisha |
| Address | Amalapada-Ii,Near Kanchan Talkies,Angul-759122 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Odisha State Cooperative Bank Ltd in Angul for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ORCB0001008 for the Anugul branch of The Odisha State Cooperative Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ORCB0001008 is given to every bank branch, including The Odisha State Cooperative Bank Ltd located in Anugul, Angul, Odisha, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Odisha State Cooperative Bank Ltd branch in Angul.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Angul and Nu.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for The Odisha State Cooperative Bank Ltd in Anugul doesn't end up at another location.
Format of the IFSC Code ORCB0001008
The format of the IFSC Code for banks, including The Odisha State Cooperative Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Odisha State Cooperative Bank Ltd, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Anugul in Angul.
For example, the IFSC Code ORCB0001008 of The Odisha State Cooperative Bank Ltd for the Anugul branch includes these elements, identifying the bank and the branch location in Angul and Odisha accurately.
How to Find IFSC Code for The Odisha State Cooperative Bank Ltd?
If you are trying to find the IFSC Code ORCB0001008 of The Odisha State Cooperative Bank Ltd for its Anugul branch located in Angul, the following methods can help:
Cheque Book
The cheque books that are issued by The Odisha State Cooperative Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including The Odisha State Cooperative Bank Ltd branches in Angul and Nu, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Odisha State Cooperative Bank Ltd and find the branch locator section. Search for Anugul or Angul to get the exact IFSC Code ORCB0001008.
Mobile Banking App
If you use The Odisha State Cooperative Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for The Odisha State Cooperative Bank Ltd and Angul that will provide accurate information.
How to Use IFSC Code ORCB0001008 for Online Transfers?
Once you have the IFSC Code ORCB0001008 for the Anugul branch of The Odisha State Cooperative Bank Ltd in Angul, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ORCB0001008. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and The Odisha State Cooperative Bank Ltd IFSC Code ORCB0001008.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Odisha State Cooperative Bank Ltd Anugul in Angul may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of The Odisha State Cooperative Bank Ltd in Anugul, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official The Odisha State Cooperative Bank Ltd website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Angul manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ORCB0001008.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Amalapada-Ii,Near Kanchan Talkies,Angul-759122 located in Angul, Nu, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.