Indian Financial System Code (IFSC)

The Indian Financial System Code (IFSC) is an 11-digit code provided by the Reserve Bank of India (RBI) for uniquely identifying individual bank branches in India. This code is essential for facilitating electronic fund transfers such as NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement).

The IFSC code is composed of 11 characters, each with its own significance. The first four characters represent the specific bank, followed by the character "zero" (0), which is reserved for future use. The remaining six characters make up the branch code, distinguishing each branch within the bank.

Is the IFSC code always 11 characters long?
Example: ADCC0000112

• ADCC The first four digits of the IFSC code denote the name of the bank.
• The fifth digit is "zero" (0),
• 000112 The last 6 digits specify the name of the specific The Akola District Central Cooperative Bank Asegaon Extension Counter branch.

ADCC0000112 Asegaon Extension Counter Branch Information

Discover essential information about the The Akola District Central Cooperative Bank - Asegaon Extension Counter branch, including its Indian Financial System Code (IFSC), Magnetic Ink Character Recognition (MICR) Code, IFSC Code, address, contact number, and details about branch office and ATM locations in Washim district, Maharashtra.

What is The Akola District Central Cooperative Bank Asegaon Extension Counter RTGS?

Real-Time Gross Settlement (RTGS) is a fund transfer mechanism used to move money from one bank to another in real-time. This instantaneous transfer, hence the name "Real-Time," is applicable for amounts starting from a minimum of Rs. 2,00,000. Processing fees are applicable for RTGS transactions.

What is The Akola District Central Cooperative Bank Asegaon Extension Counter Washim NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system supported by RBI. It's designed for seamlessly transferring medium and small amounts between accounts and banks. Importantly, there is no minimum amount limit for sending money via NEFT.

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