Indian Financial System Code, popularly known as IFSC code, is an 11-digit alphanumeric code that helps identify the individual bank branches. IFSC code is used to transfer funds online for NEFT, IMPS, and RTGS transactions. First four digit characters represent the bank, followed by a zero (0), and the last 6 characters, usually number, represent the bank branch.
Customer can find IFSC code on their bank’s cheque leaves, passbooks, bank statement and other banking documents.
Unique branch identification: Through an IFSC code, the particular branches of source and destination banks can be identified.
Useful for electronic transfer: It is used for online fund transfer like NEFT, RTGS & IMPS, and helps eliminate errors.
This helps customers search for IFSC code of any branch of any bank across the country.
Akola Janata Commercial Co-operative Bank is a Multi State Scheduled Co-operative Bank. The bank was established in 99 and is headquartered in Akola, Maharashtra. It was founded with a view to cater to the needs of people of Akola. Last year the bank received "Excellent Scheduled Bank" award from the Vidarbha Urban Co-op Bank Association Nagpur. Within a short span of time, the Akola Co-operative Bank has opened branches and extension counters in Maharashtra and Madhya Pradesh.
The bank provides various banking products and services to its customers in India. It accepts various deposit products such as current, savings, term, and fixed deposits. The bank also provides loans and advances, including business loans comprising hypothecation, pledge of goods, and secured cash credit; industrial loans; consumer loans, such as hire purchase, guaranteed repayment loans, loans against gold and silver, loans against government securities, loans against immovable properties, and housing loans; and education loans.
Current account Savings account Term deposite Fixed deposits
Loans and advances Business loans Comprising hypothecation Pledge of goods Secured cash credit Industrial loans Consumer loans Hire purchase loan Guaranteed repayment loans Loans against gold and silver Loans against government securities Loans against immovable properties Housing loans Education loans