IFSC Code of Akola Janata Commercial Cooperative Bank, Malkapur Road Branch, Maharashtra

Use this page as a one-stop reference for everything related to Akola Janata Commercial Cooperative Bank's MALKAPUR ROAD branch in AKOLA, MAHARASHTRA. The branch's IFSC code AKJB0000022 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Akola Janata Commercial Cooperative Bank – MALKAPUR ROAD is AKJB0000022. The first four letters AKJB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000022 map to this branch in AKOLA, MAHARASHTRA.

Branch details at a glance

About the bank

Akola Janata Commercial Cooperative Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Malkapur Road branch in Akola, Maharashtra is part of this network and uses the IFSC code AKJB0000022 for all electronic settlement.

Malkapur Road branch overview

Located at MAYUR COLONY,NEAR OCTRIO NAKA,MALKAPUR ROAD,AKOLA PIN 444 004, the Malkapur Road branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC AKJB0000022 is required for all interbank electronic transfers routed through this branch.

Why every Akola Janata Commercial Cooperative Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MALKAPUR ROAD of Akola Janata Commercial Cooperative Bank — its own 11-character IFSC. The code AKJB0000022 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC AKJB0000022 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC AKJB0000022

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC AKJB0000022 across all three.

NEFT to Akola Janata Commercial Cooperative Bank, MALKAPUR ROAD using IFSC AKJB0000022

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC AKJB0000022, and confirm that the system picks up Akola Janata Commercial Cooperative Bank – MALKAPUR ROAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to MALKAPUR ROAD

If you need to transfer ₹2 lakh or more in one go to an account at Akola Janata Commercial Cooperative Bank's MALKAPUR ROAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC AKJB0000022 while initiating the transfer and the credit will appear within minutes.

IMPS to Akola Janata Commercial Cooperative Bank MALKAPUR ROAD (IFSC AKJB0000022)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC AKJB0000022 in your mobile or internet banking app, and the money is credited to the MALKAPUR ROAD branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Malkapur Road

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC AKJB0000022:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at MALKAPUR ROAD is still linked to IFSC AKJB0000022.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Akola Janata Commercial Cooperative Bank's MALKAPUR ROAD branch, the IFSC AKJB0000022 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Malkapur Road branch is mapped to IFSC AKJB0000022 on the RBI payments network. The branch generally supports the full retail product catalogue of Akola Janata Commercial Cooperative Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains AKJB0000022.

Products and services

Customers walking into the Malkapur Road branch can access most of Akola Janata Commercial Cooperative Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC AKJB0000022

MICR & cheque-truncation details

Cheques drawn on the Malkapur Road branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC AKJB0000022 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC AKJB0000022

Akola Janata Commercial Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the MALKAPUR ROAD branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC AKJB0000022 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Common mistakes to avoid when using IFSC AKJB0000022

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Akola Janata Commercial Cooperative Bank – MALKAPUR ROAD, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: AKJB0000022.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Malkapur Road branch sits at MAYUR COLONY,NEAR OCTRIO NAKA,MALKAPUR ROAD,AKOLA PIN 444 004. If you are travelling from outside Akola, search for the branch on a maps application using the bank name and locality, or call 724-2458175 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC AKJB0000022 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC AKJB0000022 for Akola Janata Commercial Cooperative Bank – MALKAPUR ROAD, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Malkapur Road are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to AKJB0000022 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: AKJB0000022 is the IFSC code of Akola Janata Commercial Cooperative Bank, MALKAPUR ROAD branch, in AKOLA, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.