IFSC Code of Akola Janata Commercial Cooperative Bank, Lonar Branch, Maharashtra

Use this page as a one-stop reference for everything related to Akola Janata Commercial Cooperative Bank's LONAR branch in LONAR, MAHARASHTRA. The branch's IFSC code AKJB0000039 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.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Akola Janata Commercial Cooperative Bank's LONAR branch, the IFSC AKJB0000039 breaks down as follows: AKJB identifies the bank, 0 is the reserved character, and 000039 identifies this particular branch.

About Akola Janata Commercial Cooperative Bank

Akola Janata Commercial Cooperative Bank operates a wide network of branches across India, including the Lonar branch in Lonar. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, AKJB0000039.

Lonar branch overview

Located at LONI ROAD PLOT NO4 SURVEY NO 168/4 LONAR 443302, the Lonar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC AKJB0000039 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Akola Janata Commercial Cooperative Bank's LONAR branch came to be assigned the code AKJB0000039.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC AKJB0000039, money simply cannot be routed to the LONAR branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Lonar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC AKJB0000039 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC AKJB0000039

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 AKJB0000039 across all three.

How to use IFSC AKJB0000039 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Akola Janata Commercial Cooperative Bank's LONAR branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC AKJB0000039.
4. Confirm the bank name auto-populates as Akola Janata Commercial Cooperative Bank and the branch as LONAR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to LONAR

If you need to transfer ₹2 lakh or more in one go to an account at Akola Janata Commercial Cooperative Bank's LONAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC AKJB0000039 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Akola Janata Commercial Cooperative Bank – LONAR, use IMPS. With IFSC AKJB0000039 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC AKJB0000039 for Akola Janata Commercial Cooperative Bank – LONAR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Lonar branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

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 LONAR branch, the IFSC AKJB0000039 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 Lonar branch is mapped to IFSC AKJB0000039 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 AKJB0000039.

Banking services available

The Lonar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7260-221288.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC AKJB0000039

Digital banking channels

Most day-to-day work that customers used to do at the Lonar branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC AKJB0000039 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

How to reach the Lonar branch

The branch is located at LONI ROAD PLOT NO4 SURVEY NO 168/4 LONAR 443302, which puts it inside Lonar, the broader Buldhana district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Akola Janata Commercial Cooperative Bank Lonar branch” — the verified location pin for IFSC AKJB0000039 should appear at the top of the results.
2. Confirm the branch is open by calling 7260-221288 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC AKJB0000039 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Akola Janata Commercial Cooperative Bank – LONAR:

• The IFSC is exactly AKJB0000039 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Akola Janata Commercial Cooperative Bank as the bank name and LONAR as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Lonar branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC AKJB0000039, however, work 24x7.

Verifying IFSC AKJB0000039 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm AKJB0000039 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 7260-221288.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: AKJB0000039 is the IFSC code of Akola Janata Commercial Cooperative Bank, LONAR branch, in LONAR, 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.