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 Chikhali Extension Counter branch in Risod, 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 Risod or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000108. 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, Chikhali Extension Counter, Risod
Here are the key points that are associated with the IFSC Code ADCC0000108 of The Akola District Central Cooperative Bank for its branch located in Risod, within the district of Washim in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000108 |
| Branch | Chikhali Extension Counter |
| City | Risod |
| District | Washim |
| State | Maharashtra |
| Address | The Akola District Central Cooperative Bank Ltd., Chikhali |
These details are essential not only for online banking users but also for businesses and individuals who use The Akola District Central Cooperative Bank in Risod for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000108 for the Chikhali Extension Counter branch of The Akola District Central Cooperative Bank plays an important role.
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 Chikhali Extension Counter, Risod, Maharashtra, are allotted a unique IFSC like ADCC0000108 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Risod.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Risod and Washim.
- 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 Chikhali Extension Counter reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code ADCC0000108
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 Chikhali Extension Counter in Risod.
For example, the IFSC Code ADCC0000108 of The Akola District Central Cooperative Bank for the Chikhali Extension Counter branch has these elements, identifying the bank and the branch location in Risod and Maharashtra correctly.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
To find the IFSC Code ADCC0000108 of The Akola District Central Cooperative Bank for its Chikhali Extension Counter branch located in Risod, 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 Risod and Washim, 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 Chikhali Extension Counter or Risod to find the exact IFSC Code ADCC0000108.
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 Risod will provide accurate information.
How to Use IFSC Code ADCC0000108 for Online Transfers?
Once you have the IFSC Code ADCC0000108 for the Chikhali Extension Counter branch of The Akola District Central Cooperative Bank in Risod, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ADCC0000108. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and The Akola District Central Cooperative Bank IFSC Code ADCC0000108.
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 Chikhali Extension Counter in Risod, 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 Chikhali Extension Counter, 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 Risod to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000108.
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 Cooperative Bank Ltd., Chikhali located in Risod, Washim, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.