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 Risod Main Branch branch in Risod, Washim, 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 Risod or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ADCC0000099. 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, Risod Main Branch, Risod
Here are some of the key details that come with the IFSC Code ADCC0000099 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 | ADCC0000099 |
| Branch | Risod Main Branch |
| City | Risod |
| District | Washim |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd.,Branch Risod Main, At. Po. Tq. Risod, Dist. Washim. 444506 |
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 ADCC0000099 for the Risod Main Branch 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, 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 Risod Main Branch, Risod, Maharashtra, is provided a unique IFSC like ADCC0000099 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 Risod.
- 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 Risod and Washim.
- 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 Risod Main Branch do not get misguided to another person.
Format of the IFSC Code ADCC0000099
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 Risod Main Branch in Risod.
For example, the IFSC Code ADCC0000099 of The Akola District Central Cooperative Bank for the Risod Main Branch branch includes these elements, identifying the bank and the branch location in Risod and Maharashtra accurately.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
If you are trying to find the IFSC Code ADCC0000099 of The Akola District Central Cooperative Bank for its Risod Main Branch branch located in Risod, 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 Risod and Washim, 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 Risod Main Branch or Risod to get the exact IFSC Code ADCC0000099.
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 Risod, you'll get the correct details.
How to Use IFSC Code ADCC0000099 for Online Transfers?
Once you have the IFSC Code ADCC0000099 for the Risod Main Branch 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 ADCC0000099. 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 ADCC0000099.
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 Risod Main Branch 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 Risod Main Branch, 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 ADCC0000099.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily 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 Risod Main, At. Po. Tq. Risod, Dist. Washim. 444506 located in Risod, Washim, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.