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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
IFSC code is used for hassle-free and convenient online or electronic fund transfer from one bank account to another via NEFT, RTGS and NEFT.
Helps uniquely identify a specific bank and its branch, helping customers to transfer funds to the right bank account.
IFSC Code enables customers to execute an online transfer of funds securely, hence eliminating the chances of any fraudulent activity in the fund transfer process.