Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of The Akola District Central Cooperative Bank for its Shri Rajeshwar Branch - Akola branch in Akola, Akola, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the 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 ADCC0000004. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for The Akola District Central Cooperative Bank, Shri Rajeshwar Branch - Akola, Akola
Here are the main details that are associated with the IFSC Code ADCC0000004 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 | ADCC0000004 |
| Branch | Shri Rajeshwar Branch - Akola |
| City | Akola |
| District | Akola |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd., Jai Hind Chowk, Old City, Akola. 444002 |
These details help users in online banking and for businesses and individuals who use The Akola District Central Cooperative Bank in Akola for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000004 for the Shri Rajeshwar Branch - Akola branch of The Akola District Central Cooperative Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ADCC0000004 is given to every bank branch, including The Akola District Central Cooperative Bank located in Shri Rajeshwar Branch - Akola, Akola, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Akola District Central Cooperative Bank branch in Akola.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Akola and Akola.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Akola District Central Cooperative Bank in Shri Rajeshwar Branch - Akola doesn't end up at another location.
Format of the IFSC Code ADCC0000004
The format of the IFSC Code for banks, including The Akola District Central Cooperative Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Akola District Central Cooperative Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shri Rajeshwar Branch - Akola in Akola.
For example, the IFSC Code ADCC0000004 of The Akola District Central Cooperative Bank for the Shri Rajeshwar Branch - Akola branch includes 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 ADCC0000004 of The Akola District Central Cooperative Bank for its Shri Rajeshwar Branch - Akola 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 Shri Rajeshwar Branch - Akola or Akola to get the exact IFSC Code ADCC0000004.
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 ADCC0000004 for Online Transfers?
Once you have the IFSC Code ADCC0000004 for the Shri Rajeshwar Branch - Akola branch of The Akola District Central Cooperative Bank in Akola, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ADCC0000004. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Akola District Central Cooperative Bank IFSC Code ADCC0000004.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Akola District Central Cooperative Bank Shri Rajeshwar Branch - Akola in Akola, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of The Akola District Central Cooperative Bank in Shri Rajeshwar Branch - Akola, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official The Akola District Central Cooperative Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Akola manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shri Rajeshwar Branch - Akola Akola branch is ADCC0000004.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at The Akola District Central Coop. Bank Ltd., Jai Hind Chowk, Old City, Akola. 444002.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.