For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Akola District Central Cooperative Bank for its Khadaki-Chandur Branch branch in Akola, Akola, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of The Akola District Central Cooperative Bank located in Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000023. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Akola District Central Cooperative Bank, Khadaki-Chandur Branch, Akola
Here are the main details that are associated with the IFSC Code ADCC0000023 of The Akola District Central Cooperative Bank for its branch located in Akola, within the district of Akola in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000023 |
| Branch | Khadaki-Chandur Branch |
| City | Akola |
| District | Akola |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd., Branch Khadki Bk., At. Khadki Bk., Po. Chandur, Tq. Dist. Akola. 444004 |
These details are important not only for users using online banking but also for businesses and individuals who use The Akola District Central Cooperative Bank in Akola for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ADCC0000023 for the Khadaki-Chandur Branch branch of The Akola District Central Cooperative Bank is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with The Akola District Central Cooperative Bank located in Khadaki-Chandur Branch, Akola, Maharashtra, are allotted a unique IFSC like ADCC0000023 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Akola.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Akola and Akola.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to The Akola District Central Cooperative Bank in Khadaki-Chandur Branch reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code ADCC0000023
The format of the IFSC Code for banks, including The Akola District Central Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In The Akola District Central Cooperative Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Khadaki-Chandur Branch in Akola.
For example, the IFSC Code ADCC0000023 of The Akola District Central Cooperative Bank for the Khadaki-Chandur Branch branch has these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
If you are trying to find the IFSC Code ADCC0000023 of The Akola District Central Cooperative Bank for its Khadaki-Chandur Branch branch located in Akola, the following methods can help:
Cheque Book
The cheque book issued by The Akola District Central Cooperative Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including The Akola District Central Cooperative Bank branches in Akola and Akola, print them on the first page of your passbook.
Bank Website
Visit the official website of The Akola District Central Cooperative Bank and navigate to the branch locator section. Search for Khadaki-Chandur Branch or Akola to get the exact IFSC Code ADCC0000023.
Mobile Banking App
If you use The Akola District Central Cooperative Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for The Akola District Central Cooperative Bank and Akola, you'll get the correct details.
How to Use IFSC Code ADCC0000023 for Online Transfers?
If you have the IFSC Code ADCC0000023 for the Khadaki-Chandur Branch branch of The Akola District Central Cooperative Bank in Akola, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ADCC0000023. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and The Akola District Central Cooperative Bank IFSC Code ADCC0000023.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for The Akola District Central Cooperative Bank Khadaki-Chandur Branch in Akola, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of The Akola District Central Cooperative Bank in Khadaki-Chandur Branch, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official The Akola District Central Cooperative Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Akola to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000023.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is The Akola District Central Coop. Bank Ltd., Branch Khadki Bk., At. Khadki Bk., Po. Chandur, Tq. Dist. Akola. 444004 located in Akola, Akola, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.