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 Hatrun Branch branch in Paras, Akola, 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 Paras or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000056. 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, Hatrun Branch, Paras
Here are the key points that are associated with the IFSC Code ADCC0000056 of The Akola District Central Cooperative Bank for its branch located in Paras, within the district of Akola in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000056 |
| Branch | Hatrun Branch |
| City | Paras |
| District | Akola |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd.,Branch Hatrun, At. Po. Hatrun, Tq. Balapur, Dist.Akola 444109 |
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 Paras for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ADCC0000056 for the Hatrun 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, 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 Hatrun Branch, Paras, Maharashtra, is provided a unique IFSC like ADCC0000056 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 Paras.
- 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 Paras 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 Hatrun Branch do not get misguided to another person.
Format of the IFSC Code ADCC0000056
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): 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 Hatrun Branch in Paras.
For example, the IFSC Code ADCC0000056 of The Akola District Central Cooperative Bank for the Hatrun Branch branch includes these elements, identifying the bank and the branch location in Paras and Maharashtra accurately.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
To find the IFSC Code ADCC0000056 of The Akola District Central Cooperative Bank for its Hatrun Branch branch located in Paras, the following methods can help you out:
Cheque Book
The cheque book issued by The Akola District Central Cooperative Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including The Akola District Central Cooperative Bank branches in Paras and Akola, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Akola District Central Cooperative Bank and go to the branch locator section. Then search for Hatrun Branch or Paras to find the exact IFSC Code ADCC0000056.
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 maintains an updated database of all IFSC codes. Searching for The Akola District Central Cooperative Bank and Paras will provide accurate information.
How to Use IFSC Code ADCC0000056 for Online Transfers?
Once you have the IFSC Code ADCC0000056 for the Hatrun Branch branch of The Akola District Central Cooperative Bank in Paras, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ADCC0000056. 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 ADCC0000056.
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 Hatrun Branch in Paras, your payment can get delayed or might not go through at all.
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 Hatrun Branch, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Paras manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000056.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is The Akola District Central Coop. Bank Ltd.,Branch Hatrun, At. Po. Hatrun, Tq. Balapur, Dist.Akola 444109 located in Paras, Akola, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.