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Akola Janata Commercial Bank Malegaon Washim Maharashtra MICR CODE

Find MICR Codes for Akola Janata Commercial Bank Malegaon Washim Maharashtra

MICR Code:
Bank: The Akola Janata Commercial Co-operative Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Malegaon
Contact: 271252
Bank Details: The Akola Janata Commercial Co-operative Bank Malegaon AKJB0000002
Location: Malegaon, Washim
City: Malegaon
District: Washim
State: Maharashtra
Pincode: 444503
Country: IN
Address: Janvaibhav, main road, malegaon pin 444 503
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 444364503 for Malegaon 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 444364503 of Akola Janata Commercial Co-Operative Bank, Malegaon branch makes the system almost error free and faster. Use of Akola Janata Commercial Co-Operative Bank MICR codes for Malegaon 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 -

>>Malegaon

MICR code for Akola Janata Commercial Bank Malegaon

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 Malegaon 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. 444364503 is the MICR code of Akola Janata Commercial Co-Op Bank for Malegaon branch. MICR code for Malegaon 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 Malegaon is presented in the table alongside.

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

The MICR code 444364503 is used in RBI cheque clearing process to identify the branch Malegaon 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.