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 Asegaon Extension Counter branch in Washim, Asegaon, 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 Washim or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code ADCC0000112. 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, Asegaon Extension Counter, Washim

Here are some of the key details that come with the IFSC Code ADCC0000112 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its branch located in Washim, within the district of Asegaon in the state of Maharashtra.

Particulars Details
Bank The Akola-Washim District Central Cooperative Bank Ltd., Akola
IFSC Code ADCC0000112
Branch Asegaon Extension Counter
City Washim
District Asegaon
State Maharashtra
Address The Akola-Washim District Central Coop. Bank Ltd.,Asegaon

These details are important not only for users using online banking but also for businesses and individuals who use The Akola-Washim District Central Cooperative Bank Ltd., Akola in Washim for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code ADCC0000112 for the Asegaon Extension Counter branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola is vital.

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-Washim District Central Cooperative Bank Ltd., Akola located in Asegaon Extension Counter, Washim, Maharashtra, is provided with a unique IFSC like ADCC0000112 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the The Akola-Washim District Central Cooperative Bank Ltd., Akola branch in Washim.
  • 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 Washim and Asegaon.
  • 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-Washim District Central Cooperative Bank Ltd., Akola in Asegaon Extension Counter do not get mixed with another location.

Format of the IFSC Code ADCC0000112

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For The Akola-Washim District Central Cooperative Bank Ltd., Akola, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Asegaon Extension Counter in Washim.

For example, the IFSC Code ADCC0000112 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for the Asegaon Extension Counter branch includes these elements, identifying the bank and the branch location in Washim and Maharashtra accurately.

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

If you are trying to find the IFSC Code ADCC0000112 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its Asegaon Extension Counter branch located in Washim, 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 Washim and Asegaon, 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 Asegaon Extension Counter or Washim to get the exact IFSC Code ADCC0000112.

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 Washim that will provide accurate information.

How to Use IFSC Code ADCC0000112 for Online Transfers?

Once you have the IFSC Code ADCC0000112 for the Asegaon Extension Counter branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Washim, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code ADCC0000112. 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 ADCC0000112.

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 Asegaon Extension Counter in Washim, 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-Washim District Central Cooperative Bank Ltd., Akola in Asegaon Extension Counter, 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-Washim District Central Cooperative Bank Ltd., Akola website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Washim manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Asegaon Extension Counter, Washim?

The IFSC Code is ADCC0000112.

Is the IFSC Code ADCC0000112 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of The Akola-Washim District Central Cooperative Bank Ltd., Akola Asegaon Extension Counter?

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

What is the full address of the Asegaon Extension Counter branch?

The address of the branch is The Akola-Washim District Central Coop. Bank Ltd.,Asegaon located in Washim, Asegaon, 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.