Oriental Bank of Commerce IFSC Codes Malout, Punjab
|Oriental Bank of Commerce IFSC Code Malout|
*Working hours vary. Banks are shut on 2nd and 4th Saturdays and all Sundays of the month.
IFSC code is allotted by the Reserve Bank of India (RBI) to all banks and its branches. The IFSC code of a bank can be commonly found on a bank account passbook, cheque leaf issued by the bank or on the RBI website. Any kind of fund transfer through a bank requires a valid IFSC. The different types of fund transfers are NEFT, RTGS and IMPS.
IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.