The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Oriental Bank of Commerce IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'ORBC', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Oriental Bank of Commerce branch. If you are looking for online IFSC Code of Oriental Bank of Commerce you can find here in Goodreturns.
Oriental Bank of Commerce, more popularly known as OBC, was founded by Rai Bahadur Sohan Lal in 1943 in Lahore.
After the partition of India, the bank changed its headquarters to Lahore and also closed many of its branches in Pakistan.
Oriental Bank of Commerce was later nationalized in 1980 and today is owned by the Government of India, which owns a majority stake in the bank.
The bank was amalgamated with Global Trust Bank in 2004. In fact, during that period the bank reported a good performance and was one of the top banks in the government sector for the quality of its assets.
OBC offers a wide range of services
Today, Oriental Bank of Commerce offers a wide range of services, including personal banking and wholesale banking.
Among the many offerings of the bank includes term deposits, recurring deposits, auto loans, home loans, debit cards and various insurance products.
The bank also offers new age banking products like mobile banking, internet banking etc.
Since the bank has a very vast network of branches, you would need the IFSC codes of OBC branches to remit and receive money. Please find on our website the IFSC codes of the various branches of Oriental Bank of Commerce.