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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of The Akola District Central Cooperative Bank for its Pangrikute Branch branch in Malegaon, Washim, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of The Akola District Central Cooperative Bank located in Malegaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000097. 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, Pangrikute Branch, Malegaon
Below in the table are the key details related to IFSC Code ADCC0000097 of The Akola District Central Cooperative Bank for its branch located in Malegaon, within the district of Washim in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000097 |
| Branch | Pangrikute Branch |
| City | Malegaon |
| District | Washim |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd.,Branch Pangrikute, At. Po. Pangrikute, Tq. Malegaon Dist. Washim. 444503 |
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 Malegaon for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000097 for the Pangrikute 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like ADCC0000097 is given to every bank branch, including The Akola District Central Cooperative Bank located in Pangrikute Branch, Malegaon, 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 Malegaon.
- 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 Malegaon and Washim.
- 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 Pangrikute Branch doesn't end up at another location.
Format of the IFSC Code ADCC0000097
This is the format of the IFSC Code for banks, including The Akola District Central Cooperative Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For The Akola District Central Cooperative Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Pangrikute Branch in Malegaon.
For example, the IFSC Code ADCC0000097 of The Akola District Central Cooperative Bank for the Pangrikute Branch branch includes these elements, identifying the bank and the branch location in Malegaon and Maharashtra accurately.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
If you are trying to find the IFSC Code ADCC0000097 of The Akola District Central Cooperative Bank for its Pangrikute Branch branch located in Malegaon, 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
Most banks, including The Akola District Central Cooperative Bank branches in Malegaon and Washim, print the IFSC and MICR codes 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 Pangrikute Branch or Malegaon to get the exact IFSC Code ADCC0000097.
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 Malegaon, you'll get the correct details.
How to Use IFSC Code ADCC0000097 for Online Transfers?
Once you have the IFSC Code ADCC0000097 for the Pangrikute Branch branch of The Akola District Central Cooperative Bank in Malegaon, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code ADCC0000097. 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 ADCC0000097.
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 Pangrikute Branch in Malegaon, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Akola District Central Cooperative Bank in Pangrikute Branch, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Malegaon manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000097.
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 Pangrikute, At. Po. Pangrikute, Tq. Malegaon Dist. Washim. 444503 located in Malegaon, Washim, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.