List Of The Akola District Central Cooperative Bank ifsc code and address of all bank branches in india Find Verified IFSC/MICR code .
The Akola District Central Cooperative Bank IFSC Code & Details:
With a legacy of 108 years, the Akola District Central Cooperative Bank is the first district cooperative bank in the entire country. From 1908-09, around thirteen cooperative societies were established. With the growing demands and scope of these institutions, they sought together with a plan regarding the need for a central payment body. This central institution would bind all the different cooperative societies thereby helping them financially by providing loans.
The initial leaders of the bank were all very educated and realized the importance of having a strong financial position of the bank to keep it going. Thus the bank helped in the upliftment of the farmers by offering them loans as per their needs. The years from 1904 to 1930 are regarded as the childhood period of The Akola District Central Cooperative Bank. The bank through its rigorous efforts expanded its horizons and catered to the economic requirements of as many people as possible. Soon there were around 112 branches of the bank offering its services and there was a significant increase in granting of loans and deposits.
During the period 1993-2003, the Bank made its mark on the state by being honoured as the best district cooperative bank for three consecutive years. Due to its adequate management, proper planning and organization, the Akola District Central Cooperative Bank emerged as a ‘viable institution in the stream of the open economy’.
- The services offered by the Bank include:
- Providing scholarship to students
- Using core banking to facilitate banking transactions
- Offer a variety of deposit schemes
- Granting loans for agricultural and non-agricultural purposes
Not just the banking operations, but the Bank has been executing its social duties responsibly as well. From time to time it has organized blood donation camps to help the chronically ill patients. The Bank participated in the government’s National Sanitation Campaign and encouraged more and more people to take part in it for a good cause. As an acknowledgement of the excellent services rendered by the Bank, the Akola District Central Cooperative Bank has conferred the ‘Centenary Journey Special Honor’.
State wise list of all The Akola District Central Cooperative Bank branches
The following are the states, where The Akola District Central Cooperative Bank has branch / branches. Select an individual state link to view list of districts, where this bank has branch / branches.