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

This page lists the IFSC code, branch address, contact number and fund-transfer information for Akola Janata Commercial Cooperative Bank, MALEGAON branch in MALEGAON. The 11-digit IFSC AKJB0000002 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Akola Janata Commercial Cooperative Bank at the MALEGAON location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, AKJB0000002 is the IFSC of Akola Janata Commercial Cooperative Bank's MALEGAON branch. The format is fixed: AKJB = bank code, 0 = reserved, 000002 = branch identifier.

Branch details at a glance

About Akola Janata Commercial Cooperative Bank

Akola Janata Commercial Cooperative Bank operates a wide network of branches across India, including the Malegaon branch in Malegaon. 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, AKJB0000002.

About the Malegaon branch

The Malegaon branch of Akola Janata Commercial Cooperative Bank is situated at JANVAIBHAV, MAIN ROAD, MALEGAON PIN 444 503. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code AKJB0000002 is used.

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 MALEGAON branch came to be assigned the code AKJB0000002.

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 AKJB0000002, money simply cannot be routed to the MALEGAON branch electronically.

How to transfer money using IFSC AKJB0000002

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 AKJB0000002 across all three.

How to use IFSC AKJB0000002 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 MALEGAON 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 AKJB0000002.
4. Confirm the bank name auto-populates as Akola Janata Commercial Cooperative Bank and the branch as MALEGAON.
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 MALEGAON

If you need to transfer ₹2 lakh or more in one go to an account at Akola Janata Commercial Cooperative Bank's MALEGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC AKJB0000002 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 – MALEGAON, use IMPS. With IFSC AKJB0000002 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Malegaon

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 AKJB0000002:

• 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 MALEGAON is still linked to IFSC AKJB0000002.

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 MALEGAON branch, the IFSC AKJB0000002 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 Malegaon branch is mapped to IFSC AKJB0000002 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 AKJB0000002.

Products and services

Customers walking into the Malegaon 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 AKJB0000002

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Akola Janata Commercial Cooperative Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC AKJB0000002 and the account number together uniquely identify the Malegaon branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC AKJB0000002

Akola Janata Commercial Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the MALEGAON 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 AKJB0000002 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.

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 – MALEGAON:

• The IFSC is exactly AKJB0000002 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 MALEGAON 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.

Reaching the branch

The Malegaon branch sits at JANVAIBHAV, MAIN ROAD, MALEGAON PIN 444 503. If you are travelling from outside Malegaon, search for the branch on a maps application using the bank name and locality, or call 7254-271252 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 AKJB0000002 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC AKJB0000002 for Akola Janata Commercial Cooperative Bank – MALEGAON, 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 Malegaon 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 AKJB0000002 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code AKJB0000002 belongs to Akola Janata Commercial Cooperative Bank's MALEGAON branch, located at JANVAIBHAV, MAIN ROAD, MALEGAON PIN 444 503 in MALEGAON, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.