Oriental Bank of Commerce IFSC Code Gurugram | Haryana

Oriental Bank of Commerce is a public sector bank in India which was established in Lahore. It offers a range of banking services to its customers in the form of savings accounts, current accounts, fixed deposit accounts, loans, credit cards, debit cards etc.

IFSC Code of Oriental Bank of Commerce, Gurugram

Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:

• RTGS (Real Time Gross Settlement) 
• NEFT (National Electronic Fund Transfer) 

IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.

In IFS Code

• First four characters identify the bank name i.e. ORBC
• The fifth character is always 0
• And the last character represents the branch address i.e. 100768

[The IFSC Code used in above example is of Sector 10 A, Gurgaon i.e. “ORBC0100768”].

Gurugram is located in the northern part of Haryana state, which is also a major city in the NCR of Delhi. The city is popularly known as ‘Cyber City’ and ‘Millennium City’ as it has a number of IT Companies. It is also known as financial and technology hub of India. Gurgaon is also seen as one of the populated cities of the NCR of Delhi. After Mumbai and Chandigarh, Gurgaon is the 3rd highest per capita income city in India.