Akola Janata Commercial Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Akola Janata Commercial Bank Mumbai Mumbai Maharashtra

MICR Code
Bank The Akola Janata Commercial Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kalbadevi
Contact 22400251
Bank Details The Akola Janata Commercial Co-operative Bank Kalbadevi AKJB0000027
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400002
Country IN
Address 205,207,209 narayan bansilal bld.,kalbadevi rd,in front of jain mandir,kalbadevi,mumbai pin 400 002
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 400240258 for Kalbadevi 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 400240258 of Akola Janata Commercial Co-Operative Bank, Kalbadevi branch makes the system almost error free and faster. Use of Akola Janata Commercial Co-Operative Bank MICR codes for Kalbadevi 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 -

>>Kalbadevi

MICR code for Akola Janata Commercial Bank Kalbadevi

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 Kalbadevi 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. 400240258 is the MICR code of Akola Janata Commercial Co-Op Bank for Kalbadevi branch. MICR code for Kalbadevi 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 Kalbadevi is presented in the table alongside.

Use of Akola Janata Commercial Co-Operative Bank MICR code for Kalbadevi branch in mumbai

The MICR code 400240258 is used in RBI cheque clearing process to identify the branch Kalbadevi 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.

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