Akola Janata Commercial Cooperative Bank

The most popular systems of money transfer are NEFT, RTGS and IMPS which made banking service very easy in multiple ways. Reserve Bank of India (RBI) introduced these two systems for development of banking service by rendering quick, safer, economic and efficient fund transfer from one bank to another. The customers of Akola Janata Commercial Cooperative Bank, Maharashtra also have the facilities of NEFT and RTGS to pay and receive the money of all the bank branches in our country. Transfer of funds to all bank branches is possible through NEFT and RTGS with a unique code known as the IFSC code.

The Reserve Bank of India allotted a special and unique character known as IFSC code that contains 11 digits which are in alphanumeric. For example, the IFSC code of Akola Janata Commercial Cooperative Bank located in Nagpur is AKJB0000020. This code is divided into 3 parts. The first 4 digits AKJB are alphabets in capital letters which represent the bank name Akola Janata Commercial Cooperative Bank. The fifth digit is 0 (Zero) which in numeric provided for future use. The last six digits of this bank is 000020 which is a numeric that helps to identify the branch name located at Nagpur. The IFSC code is very essential for any online transactions like NEFT, RTGS, IMPS etc.

Easy way to find IFSC and MICR codes for Akola Janata Commercial Cooperative Bank?

The account holder of Akola Janata Commercial Cooperative Bank can easily find the IFSC and MICR code in their bank passbook which is printed on the front page. The customers having cheque facilities can find both codes printed on the cheque leaf. IFSC code is printed on the top of the cheque leaf and found below the address field which is printed in a box. MICR code is printed at the bottom of the cheque leaf which is found in the middle next to the cheque number. If the customer doesn't have a passbook and cheque leaf, they can reach the nearest bank branch and get the details by providing the account number and bank branch name. MICR code for Nagpur branch is 440364002.

The customers of Akola Janata Commercial Cooperative Bank can find IFSC and MICR codes on their bank website or in private websites. It is very easy to find these codes by providing input information or filling details asked in the column like bank name, state, district and bank branch name. After providing all details the account holder can find the IFSC and MICR code displayed in the monitor. The website also provides a list of bank names, states, districts and branch names along with its address. The customers can select the details provided in the lists and get the details of IFSC and MICR codes in a few seconds.

Akola Janata Commercial Cooperative Bank Branch Details

• Madhya Pradesh

ABOUT AKOLA JANATA COMMERCIAL CO-OPERATIVE BANK

• Akola Janata Commercial Cooperative Bank was established on 20.10.1969 inaugurated by the Chief Minister of Maharashtra late Shri. VasantraoNaik. The bank is making steady progress and didn't suffer loss even one from the beginning to till this date. The bank started with the share capital of Rs. 1.09 lakh.


• The bank has been earning profit since its inception. At present there are 612 employees in the bank providing service. The bank has been giving dividends to its shareholders since its inception.


• Maharashtra State played an important role in the development of co-operative movement in India. Most of the co-operators dedicated their lives for the up-liftment of the common man through this movement. Amongst these, late Shri. JamanlaljiGoenka& Late Shri. VinaykumarjiParashar are the notable personalities, who were inspired by the sense of equity & love for social justice.


• For More than 50 years, the bank has been servicing the common people of Maharashtra & Madhya Pradesh, through its computerized 36 branches & 4 extension counters by achieving the status of multi state scheduled Bank.


• With cut throat competition in the banking field and facing many challenges of globalization and reforms, the bank earns profit and pays dividends to the shareholders. From the view of social welfare, the bank formulated various schemes for the up-liftment and welfare of the weaker section by providing educational loans at low rates of interest, banking service to senior citizens, handicapped and women with extra care.


• It also provides customer service, such as Franking, D-mat, General Insurance etc,. The bank played an active role in various water & other charitable activities. It was honoured with the title as "Excellent Schedule Bank" given by the Vidarbha Urban Co-op Bank Association Nagpur. The bank is progressing multifold with the cooperation of all the directors and their vision & ceaseless efforts has laid the foundation of a strong & vibrant institution.


• The Akola Janata Bank really understands the meaning of 'Co-operative' in their name and extends this spirit to all their customers, both at retail and corporate level, through well informed, knowledgeable and professional employees, well designed products and impeccable services. The services rendered in this bank are speed, accuracy and efficiency, which are all essential in delivering a quality product. The most important is that this bank provides services at a very reasonable price with total transparency in dealing at each stage.


• While planning for expansion, the bank has opened seventeen branches within a short period in Akola and Washim district viz. Akola main branch, Malegaon, Risod, Washim, Mangrulpir, Karanja, Telhara, Murtizapur, Akot, Shirpur, Manora, Tapadia Nagar, Tajnapethgorakshan Road Akola Old City Akola Akot road Akola and Malkapur Road Akola. Three branches at Amravati ParatwadaChandur(rly) in Amravati district. Two branches at khamgaon and Malkapur in Buldhana district. Three branches in Yeotmal district at Yeotmmal, Digras and Pusad.


• One branch at Jalgaon in Jalgaon district and another branch at Nagpur in Nagpur district, a branch at Nanded in Nanded district, one branch at Parbhani in Parbhani district. Two branches in Kalbadevi and Goregaon in Greater Bombay, one branch at Aurangabad in Aurangabad district, one branch at Burhanpur in Khandwa district and one branch at Indore in Indore district in Madhya Pradesh. Four extension counters at GurunanakVidyalayakola attached to our Gorakshan road branch Akola. At NutanVidyalay is attached to the Telhara branch Renold Memoril hospital Washim attached to Washim branch and Laxmichand Junior College Shelu bazaar attached to Mangrulpir branch Reserve Bank of India has granted permission to open the branches of the bank at Pune in Pune district.


• The bank erected its own building in the central area of the Akola and also erected a three storied building at WashimKhamgaon, Risod and Karanja. It also purchased the First floor of a commercial complex at Malkapur and Akola for Malkapur and Akot Road, Akola branch premises.


• The bank also purchased plots at Malegaon, Mangrulpir and Akot for construction bank branches. It also owned two residential flats at Goregaon Mumbai for staff residence. Head office and all 36 branches are fully computerized.

For further details

ADDRESS Head Office located at Janvaibhav,
Old Cotton Market,
P.B.No. 90,
Akola - 444001.
Phone number: 0724-2430012, 0724-2430241.