Ifsc Code has 11 different characters which are combination of number and alphabets in nature.
1) The initial four characters represent bank name,
2) fifth character is by default "0"
3) Branch code is represented by remaining six character.
MICR Code
Magnetic Ink Character Recognition is numeric code which is printed on each cheque, this is for processing cheque agains bank account of any specific branch of ORIENTAL BANK OF COMMERCE