The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Odisha State Cooperative Bank Ltd for its Saheed Nagar branch in Bhubaneswar, Hrh, Odisha, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Odisha State Cooperative Bank Ltd located in Bhubaneswar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code ORCB0001002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Odisha State Cooperative Bank Ltd, Saheed Nagar, Bhubaneswar
Here are the main details that are associated with the IFSC Code ORCB0001002 of The Odisha State Cooperative Bank Ltd for its branch located in Bhubaneswar, within the district of Hrh in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | The Odisha State Cooperative Bank Ltd |
| IFSC Code | ORCB0001002 |
| Branch | Saheed Nagar |
| City | Bhubaneswar |
| District | Hrh |
| State | Odisha |
| Address | Super Bazar Complex,Near Hotel Meghdoot,Saheed Nagar,Bhubaneswar-751007 |
These details helps users in online banking and for businesses and individuals who use The Odisha State Cooperative Bank Ltd in Bhubaneswar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ORCB0001002 for the Saheed Nagar branch of The Odisha State Cooperative Bank Ltd plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Odisha State Cooperative Bank Ltd located in Saheed Nagar, Bhubaneswar, Odisha, is provided a unique IFSC like ORCB0001002 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Odisha State Cooperative Bank Ltd branch in Bhubaneswar.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Bhubaneswar and Hrh.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Odisha and the rest of India, the IFSC Code ensures that transactions meant for The Odisha State Cooperative Bank Ltd in Saheed Nagar do not get misguided to another person.
Format of the IFSC Code ORCB0001002
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 of this:
- First 4 characters (AAAA): Represent the bank code. For The Odisha State Cooperative Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Saheed Nagar in Bhubaneswar.
For example, the IFSC Code ORCB0001002 of The Odisha State Cooperative Bank Ltd for the Saheed Nagar branch includes these elements, identifying the bank and the branch location in Bhubaneswar and Odisha accurately.
How to Find IFSC Code for The Odisha State Cooperative Bank Ltd?
If you are trying to find the IFSC Code ORCB0001002 of The Odisha State Cooperative Bank Ltd for its Saheed Nagar branch located in Bhubaneswar, the following methods can help:
Cheque Book
The cheque book issued by The Odisha State Cooperative Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including The Odisha State Cooperative Bank Ltd branches in Bhubaneswar and Hrh, print them on the first page of your passbook.
Bank Website
Visit the official website of The Odisha State Cooperative Bank Ltd and navigate to the branch locator section. Search for Saheed Nagar or Bhubaneswar to get the exact IFSC Code ORCB0001002.
Mobile Banking App
If you use The Odisha State Cooperative Bank Ltd's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for The Odisha State Cooperative Bank Ltd and Bhubaneswar, you'll get the correct details.
How to Use IFSC Code ORCB0001002 for Online Transfers?
Once you have the IFSC Code ORCB0001002 for the Saheed Nagar branch of The Odisha State Cooperative Bank Ltd in Bhubaneswar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ORCB0001002. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 ORCB0001002.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Odisha State Cooperative Bank Ltd Saheed Nagar in Bhubaneswar, your payment can get delayed or might not go through at all.
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 Saheed Nagar, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Bhubaneswar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ORCB0001002.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Super Bazar Complex,Near Hotel Meghdoot,Saheed Nagar,Bhubaneswar-751007 located in Bhubaneswar, Hrh, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.