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 Patur ┬Ábranch branch in Akola, Patur, 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 ADCC0000058. 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, Patur ┬Ábranch, Akola
The table below shows the main details of the IFSC Code ADCC0000058 for the The Akola-Washim District Central Cooperative Bank Ltd., Akola branch in Akola, which falls under the Patur district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Akola-Washim District Central Cooperative Bank Ltd., Akola |
| IFSC Code | ADCC0000058 |
| Branch | Patur ┬Ábranch |
| City | Akola |
| District | Patur |
| State | Maharashtra |
| Address | The Akola-Washim District Central Coop. Bank Ltd.,Branch Patur, At. Po. Tq. Patur, Dist. Akola. 444501 |
These details helps users in online banking and for businesses and individuals who use The Akola-Washim District Central Cooperative Bank Ltd., Akola in Akola for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000058 for the Patur ┬Ábranch branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola 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, along with The Akola-Washim District Central Cooperative Bank Ltd., Akola located in Patur ┬Ábranch, Akola, Maharashtra, are given a unique IFSC like ADCC0000058 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Akola.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Akola and Patur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to The Akola-Washim District Central Cooperative Bank Ltd., Akola in Patur ┬Ábranch goes to the correct branch. This is important because The Akola-Washim District Central Cooperative Bank Ltd., Akola has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code ADCC0000058
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 Patur ┬Ábranch in Akola.
For example, the IFSC Code ADCC0000058 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for the Patur ┬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?
If you are trying to find the IFSC Code ADCC0000058 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its Patur ┬Ábranch branch located in Akola, the following methods can help:
Cheque Book
The cheque books that are issued by The Akola-Washim District Central Cooperative Bank Ltd., Akola 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-Washim District Central Cooperative Bank Ltd., Akola branches in Akola and Patur, 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 find the branch locator section. Search for Patur ┬Ábranch or Akola to get the exact IFSC Code ADCC0000058.
Mobile Banking App
If you use The Akola-Washim District Central Cooperative Bank Ltd., Akola'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-Washim District Central Cooperative Bank Ltd., Akola and Akola that will provide accurate information.
How to Use IFSC Code ADCC0000058 for Online Transfers?
Once you have the IFSC Code ADCC0000058 for the Patur ┬Ábranch branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Akola, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code ADCC0000058. 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-Washim District Central Cooperative Bank Ltd., Akola IFSC Code ADCC0000058.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Akola-Washim District Central Cooperative Bank Ltd., Akola Patur ┬Ábranch in Akola, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Patur ┬Ábranch, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Akola manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is ADCC0000058.
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-Washim District Central Coop. Bank Ltd.,Branch Patur, At. Po. Tq. Patur, Dist. Akola. 444501 located in Akola, Patur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.