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Akola Janata Commercial Bank Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for Akola Janata Commercial Bank Jalgaon Jalgaon Maharashtra

MICR Code
Bank The Akola Janata Commercial Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jalgaon
Contact 2220736
Bank Details The Akola Janata Commercial Co-operative Bank Jalgaon AKJB0000018
Location Jalgaon, Jalgaon
City Jalgaon
District Jalgaon
State Maharashtra
Pincode 425001
Country IN
Address 91,navipeth,near l.i.c. Office,jalgaon pin 425 001
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 425364001 for Jalgaon 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 425364001 of Akola Janata Commercial Co-Operative Bank, Jalgaon branch makes the system almost error free and faster. Use of Akola Janata Commercial Co-Operative Bank MICR codes for Jalgaon 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 -

>>Jalgaon

MICR code for Akola Janata Commercial Bank Jalgaon

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 Jalgaon 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. 425364001 is the MICR code of Akola Janata Commercial Co-Op Bank for Jalgaon branch. MICR code for Jalgaon 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 Jalgaon is presented in the table alongside.

Use of Akola Janata Commercial Co-Operative Bank MICR code for Jalgaon branch in jalgaon

The MICR code 425364001 is used in RBI cheque clearing process to identify the branch Jalgaon 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.