MICR Code Bank
Find MICR code for Akola Janata Commercial Bank branches in India for NEFT and RTGS transfer

Akola Janata Commercial Bank MICR CODE

Find MICR Codes for Akola Janata Commercial Bank

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  1. The Akola Janata Commercial Co-operative Bank »
  2. Maharashtra »
  3. mumbai »
  4. mumbai »
  5. kalbadevi

Find MICR Codes for Akola Janata Commercial Bank

MICR Code: 400240258
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

How does MICR code for 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 of Akola Janata Commercial Co-Operative Bank, branch makes the system almost error free and faster. Use of Akola Janata Commercial Co-Operative Bank MICR codes for 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

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

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

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