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Akola Janata Commercial Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Akola Janata Commercial Bank Aurangabad Aurangabad Maharashtra

MICR Code
Bank The Akola Janata Commercial Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Aurangabad
Contact 2325141
Bank Details The Akola Janata Commercial Co-operative Bank Aurangabad AKJB0000030
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431001
Country IN
Address Aakashwani chowk,jalna road,aurangabad pin 431 001
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 431364003 for Aurangabad branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 431364003 of Akola Janata Commercial Co-Operative Bank, Aurangabad branch makes the system almost error free and faster. Use of Akola Janata Commercial Co-Operative Bank MICR codes for Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Akola Janata Commercial Co-operative Bank are available with micr code -

>>Aurangabad

MICR code for Akola Janata Commercial Bank Aurangabad

Akola Janata Commercial Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Akola Janata Commercial Co-Operative Bank MICR code for Aurangabad is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 431364003 is the MICR code of Akola Janata Commercial Co-Op Bank for Aurangabad branch. MICR code for Aurangabad branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Akola Janata Commercial Co-Operative Bank Aurangabad is presented in the table alongside.

Use of Akola Janata Commercial Co-Operative Bank MICR code for Aurangabad branch in aurangabad

The MICR code 431364003 is used in RBI cheque clearing process to identify the branch Aurangabad and Akola Janata Commercial Co-Operative Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Akola Janata Commercial Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.