For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its Nimba ┬Ábranch branch in Akola, Nimba, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of The Akola-Washim District Central Cooperative Bank Ltd., Akola located in Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000054. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for The Akola-Washim District Central Cooperative Bank Ltd., Akola, Nimba ┬Ábranch, Akola

Here are some of the key details that come with the IFSC Code ADCC0000054 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its branch located in Akola, within the district of Nimba in the state of Maharashtra.

Particulars Details
Bank The Akola-Washim District Central Cooperative Bank Ltd., Akola
IFSC Code ADCC0000054
Branch Nimba ┬Ábranch
City Akola
District Nimba
State Maharashtra
Address The Akola-Washim District Central Coop. Bank Ltd.,Branch Nimba, At. Po. Nimba, Tq. Balapur, Dist.Akola. 444311

These details are essential not only for online banking users but also for businesses and individuals who use The Akola-Washim District Central Cooperative Bank Ltd., Akola in Akola for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000054 for the Nimba ┬Ábranch branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola 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 that is provided by the Reserve Bank of India. A unique IFSC like ADCC0000054 is given to every bank branch, including The Akola-Washim District Central Cooperative Bank Ltd., Akola located in Nimba ┬Ábranch, Akola, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the The Akola-Washim District Central Cooperative Bank Ltd., Akola branch in Akola.
  • 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 Akola and Nimba.
  • 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-Washim District Central Cooperative Bank Ltd., Akola in Nimba ┬Ábranch doesn't end up at another location.

Format of the IFSC Code ADCC0000054

The format of the IFSC Code for banks, including The Akola-Washim District Central Cooperative Bank Ltd., Akola, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For The Akola-Washim District Central Cooperative Bank Ltd., Akola, 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 Nimba ┬Ábranch in Akola.

For example, the IFSC Code ADCC0000054 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for the Nimba ┬Ábranch branch includes these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.

How to Find IFSC Code for The Akola-Washim District Central Cooperative Bank Ltd., Akola?

To find the IFSC Code ADCC0000054 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its Nimba ┬Ábranch branch located in Akola, the following methods can help you out:

Cheque Book

The cheque book issued by The Akola-Washim District Central Cooperative Bank Ltd., Akola 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-Washim District Central Cooperative Bank Ltd., Akola branches in Akola and Nimba, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of The Akola-Washim District Central Cooperative Bank Ltd., Akola and go to the branch locator section. Then search for Nimba ┬Ábranch or Akola to find the exact IFSC Code ADCC0000054.

Mobile Banking App

If you use The Akola-Washim District Central Cooperative Bank Ltd., Akola'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-Washim District Central Cooperative Bank Ltd., Akola and Akola will provide accurate information.

How to Use IFSC Code ADCC0000054 for Online Transfers?

If you have the IFSC Code ADCC0000054 for the Nimba ┬Ábranch branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Akola, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ADCC0000054. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and The Akola-Washim District Central Cooperative Bank Ltd., Akola IFSC Code ADCC0000054.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for The Akola-Washim District Central Cooperative Bank Ltd., Akola Nimba ┬Ábranch in Akola, it may result in delayed or failed transactions.

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-Washim District Central Cooperative Bank Ltd., Akola in Nimba ┬Ábranch, 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-Washim District Central Cooperative Bank Ltd., Akola website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Akola to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Nimba ┬Ábranch, Akola?

The IFSC Code is ADCC0000054.

Is the IFSC Code ADCC0000054 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of The Akola-Washim District Central Cooperative Bank Ltd., Akola Nimba ┬Ábranch?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Nimba ┬Ábranch branch?

The address of the branch is The Akola-Washim District Central Coop. Bank Ltd.,Branch Nimba, At. Po. Nimba, Tq. Balapur, Dist.Akola. 444311 located in Akola, Nimba, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.