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 Shelu Bazar Branch branch in Selu Bazar, 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 Selu Bazar or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code ADCC0000081. 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, Shelu Bazar Branch, Selu Bazar
Here are some of the key details that come with the IFSC Code ADCC0000081 of The Akola District Central Cooperative Bank for its branch located in Selu Bazar, within the district of Washim in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola District Central Cooperative Bank |
| IFSC Code | ADCC0000081 |
| Branch | Shelu Bazar Branch |
| City | Selu Bazar |
| District | Washim |
| State | Maharashtra |
| Address | The Akola District Central Coop. Bank Ltd.,Branch Shelu Bazar, At. Po. Shelu Bazar, Tq.Mangrulpir, Dist. Washim. 444402 |
These details helps users in online banking and for businesses and individuals who use The Akola District Central Cooperative Bank in Selu Bazar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000081 for the Shelu Bazar Branch branch of The Akola District Central Cooperative Bank plays a vital 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, including The Akola District Central Cooperative Bank located in Shelu Bazar Branch, Selu Bazar, Maharashtra, is provided with a unique IFSC like ADCC0000081 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the The Akola District Central Cooperative Bank branch in Selu Bazar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Selu Bazar and Washim.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Akola District Central Cooperative Bank in Shelu Bazar Branch do not get mixed with another location.
Format of the IFSC Code ADCC0000081
The format of the IFSC Code for banks, including The Akola District Central Cooperative Bank, has 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 Shelu Bazar Branch in Selu Bazar.
For example, the IFSC Code ADCC0000081 of The Akola District Central Cooperative Bank for the Shelu Bazar Branch branch includes these elements, identifying the bank and the branch location in Selu Bazar and Maharashtra correctly.
How to Find IFSC Code for The Akola District Central Cooperative Bank?
If you are trying to find the IFSC Code ADCC0000081 of The Akola District Central Cooperative Bank for its Shelu Bazar Branch branch located in Selu Bazar, the following methods can help:
Cheque Book
The cheque books that are issued by The Akola District Central Cooperative Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including The Akola District Central Cooperative Bank branches in Selu Bazar 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 find the branch locator section. Search for Shelu Bazar Branch or Selu Bazar to get the exact IFSC Code ADCC0000081.
Mobile Banking App
If you use The Akola District Central Cooperative Bank's mobile app, you can easily 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 to help you in searching for The Akola District Central Cooperative Bank and Selu Bazar that will provide accurate information.
How to Use IFSC Code ADCC0000081 for Online Transfers?
Once you have the IFSC Code ADCC0000081 for the Shelu Bazar Branch branch of The Akola District Central Cooperative Bank in Selu Bazar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ADCC0000081. 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 ADCC0000081.
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 Shelu Bazar Branch in Selu Bazar, 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 Shelu Bazar 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 Selu Bazar manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000081.
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 Shelu Bazar, At. Po. Shelu Bazar, Tq.Mangrulpir, Dist. Washim. 444402 located in Selu Bazar, Washim, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.