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Akola Janata Commercial Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Akola Janata Commercial Bank Nagpur Nagpur Maharashtra

MICR Code
Bank The Akola Janata Commercial Co-operative Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagpur
Contact 2772314
Bank Details The Akola Janata Commercial Co-operative Bank Nagpur AKJB0000020
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440002
Country IN
Address Servodaya cloth market,gandhi baug,nagpur pin 440 002
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.

Search Akola Janata Commercial Bank MICR Codes in nagpur

You can search through MICR Codes of Maharashtra branches in nagpur of District nagpur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Nagpur

How to find MICR codes for Akola Janata Commercial Bank in nagpur?

Akola Janata Commercial Bank nagpur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Akola Janata Commercial Co-Operative Bank MICR codes list for nagpur, one can further search by branch name specified in the table. You can find MICR codes for all Akola Janata Commercial Bank nagpur branches.

Akola Janata Commercial Co-Operative Bank MICR code in nagpur

Akola Janata Commercial Bank MICR code is a character recognition technology used by banks in the processing of cheques. Akola Janata Commercial Co-Operative Bank MICR code for nagpur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Akola Janata Commercial Co-Op Bank branches in nagpur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Akola Janata Commercial Co-Op Bank MICR code for nagpur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Akola Janata Commercial Bank nagpur branch, sprinted 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. Thus MICR code for Akola Janata Commercial Co-Operative Bank nagpur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Akola Janata Commercial Co-Op Bank MICR codes for nagpur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!