Odisha State Co-operative Bank
SAHEED NAGAR BRANCH
+916742546836
Understanding IFSC Code: The Digital DNA of Odisha State Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the SAHEED NAGAR
branch of Odisha State Co-operative Bank, the code ORCB0001002 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the ORCB0001002 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"ORCB" represents Odisha State Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for SAHEED NAGAR
Payment Systems Supported by ORCB0001002
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—751218004—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Odisha State Co-operative Bank in BHUBANESWAR typically follows the RBI holiday calendar. Digital transfers via ORCB0001002 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While ORCB0001002 is the valid code for SAHEED NAGAR at BHUBANESWAR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
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- • BHUBANESWAR IFSC Codes
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Financial Tools
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Branch Context
- • SAHEED NAGAR Contact
- • Address of Odisha State Co-operative Bank
- • MICR Code Finder
- • ODISHA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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