Indian Financial System Code, popularly known as IFSC code, is an 11-digit alphanumeric code that helps identify the individual bank branches. IFSC code is used to transfer funds online for NEFT, IMPS, and RTGS transactions. First four digit characters represent the bank, followed by a zero (0), and the last 6 characters, usually number, represent the bank branch.
Customer can find IFSC code on their bank’s cheque leaves, passbooks, bank statement and other banking documents.
Unique branch identification: Through an IFSC code, the particular branches of source and destination banks can be identified.
Useful for electronic transfer: It is used for online fund transfer like NEFT, RTGS & IMPS, and helps eliminate errors.
This helps customers search for IFSC code of any branch of any bank across the country.
The Akola District Central Co-operative Bank, formerly known as Akola Central Urban Bank Ltd, is the first district co-operative bank not only in Maharashtra State but in India itself. The bank was provided registration certificate on th February 909. The bank was founded by prominent social workers to cater the needs of co-operative societies and offer credit facilities to the members of these societies. Today, the bank operates a network of 07 branches and extension counters, all branches are computerized. The Akola District Central Co-operative Bank offers many banking services such as agriculture loan, development loan scheme, and personal loan; recurring deposit, monthly income deposit scheme, reinvestment deposit scheme; and other banking services such as century bond gold scheme, ATM facility, RTGS / NEFT facility, Rupay KCC debit card, PMCI scheme, and direct subsidy facility (gas holder/ ration card holder).
Agriculture Loan Scheme, Development Loan Scheme, Bigaraseti loan scheme