There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of The Akola District Central Cooperative Bank for its Raundala Branch branch in Chauhatta, Akola, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of The Akola District Central Cooperative Bank situated in Chauhatta or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ADCC0000037. You should 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, Raundala Branch, Chauhatta
Here are the key points that are associated with the IFSC Code ADCC0000037 of The Akola District Central Cooperative Bank for its branch located in Chauhatta, within the district of Akola in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000037 |
| Branch | Raundala Branch |
| City | Chauhatta |
| District | Akola |
| State | Maharashtra |
| Address | The Akola Dist. Central Coop. Bank Ltd., Branch Raundala, At Po. Devri Phata Parisar, Near Swami Vivekanand Convent. Tq. Akot Dist. Akola., 444101 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Akola District Central Cooperative Bank in Chauhatta for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000037 for the Raundala Branch branch of The Akola District Central Cooperative Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Akola District Central Cooperative Bank located in Raundala Branch, Chauhatta, Maharashtra, is provided a unique IFSC like ADCC0000037 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Akola District Central Cooperative Bank branch in Chauhatta.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Chauhatta and Akola.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for The Akola District Central Cooperative Bank in Raundala Branch do not get misguided to another person.
Format of the IFSC Code ADCC0000037
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 Raundala Branch in Chauhatta.
For example, the IFSC Code ADCC0000037 of The Akola District Central Cooperative Bank for the Raundala Branch branch has these elements, identifying the bank and the branch location in Chauhatta and Maharashtra correctly.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
If you are looking for the IFSC Code ADCC0000037 of The Akola District Central Cooperative Bank for its Raundala Branch branch located in Chauhatta, the following methods can help:
Cheque Book
The cheque book that is issued by The Akola District Central Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Akola District Central Cooperative Bank branches in Chauhatta and Akola, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Akola District Central Cooperative Bank and look for the branch locator section, then search for Raundala Branch or Chauhatta to get the exact IFSC Code ADCC0000037.
Mobile Banking App
If you use The Akola District Central Cooperative Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Akola District Central Cooperative Bank and Chauhatta, then it will provide you proper information.
How to Use IFSC Code ADCC0000037 for Online Transfers?
Once you have the IFSC Code ADCC0000037 for the Raundala Branch branch of The Akola District Central Cooperative Bank in Chauhatta, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ADCC0000037. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and The Akola District Central Cooperative Bank IFSC Code ADCC0000037.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Akola District Central Cooperative Bank Raundala Branch in Chauhatta, your payment can get delayed or might not go through at all.
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 Raundala Branch, 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 Chauhatta manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000037.
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 Dist. Central Coop. Bank Ltd., Branch Raundala, At Po. Devri Phata Parisar, Near Swami Vivekanand Convent. Tq. Akot Dist. Akola., 444101 located in Chauhatta, Akola, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.