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 Wakad branch in Washim, Wakad, 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 ADCC0000107. 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, Wakad, Washim

Below in the table are the key details related to IFSC Code ADCC0000107 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its branch located in Washim, within the district of Wakad in the state of Maharashtra.

Particulars Details
Bank The Akola-Washim District Central Cooperative Bank Ltd., Akola
IFSC Code ADCC0000107
Branch Wakad
City Washim
District Wakad
State Maharashtra
Address The Akola-Washim District Central Coop. Bank Ltd.,Branch Wakad, At.Po. Wakad, Tq. Risod, Dist. Washim 444506

These details helps users in online banking and for businesses and individuals who use The Akola-Washim District Central Cooperative Bank Ltd., Akola in Washim for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code ADCC0000107 for the Wakad 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 Wakad, Washim, Maharashtra, are given a unique IFSC like ADCC0000107 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Washim.
  • 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 Washim and Wakad.
  • 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 Wakad 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 ADCC0000107

This is 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 explanation:

  • First 4 characters (AAAA): This is the bank code. For The Akola-Washim District Central Cooperative Bank Ltd., Akola, 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 Wakad in Washim.

For example, the IFSC Code ADCC0000107 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for the Wakad 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 ADCC0000107 of The Akola-Washim District Central Cooperative Bank Ltd., Akola for its Wakad branch located in Washim, the following methods can help:

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 which you can easily spot on the top section.

Passbook

Most banks, including The Akola-Washim District Central Cooperative Bank Ltd., Akola branches in Washim and Wakad, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of The Akola-Washim District Central Cooperative Bank Ltd., Akola and navigate to the branch locator section. Search for Wakad or Washim to get the exact IFSC Code ADCC0000107.

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 keeps an updated list of all IFSC codes. If you search for The Akola-Washim District Central Cooperative Bank Ltd., Akola and Washim, you'll get the correct details.

How to Use IFSC Code ADCC0000107 for Online Transfers?

Once you have the IFSC Code ADCC0000107 for the Wakad branch of The Akola-Washim District Central Cooperative Bank Ltd., Akola in Washim, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code ADCC0000107. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and The Akola-Washim District Central Cooperative Bank Ltd., Akola IFSC Code ADCC0000107.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Akola-Washim District Central Cooperative Bank Ltd., Akola Wakad in Washim, it can 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 Wakad, 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 Washim 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 Wakad Washim?

The IFSC Code of the Wakad Washim branch is ADCC0000107.

Is IFSC Code ADCC0000107 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the The Akola-Washim District Central Cooperative Bank Ltd., Akola Wakad branch?

The branch is located at The Akola-Washim District Central Coop. Bank Ltd.,Branch Wakad, At.Po. Wakad, Tq. Risod, Dist. Washim 444506.

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.