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

This page lists the IFSC code, branch address, contact number and fund-transfer information for Akola Janata Commercial Cooperative Bank, PARATWADA branch in PARATWADA. The 11-digit IFSC AKJB0000028 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 PARATWADA 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.

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 PARATWADA branch, the IFSC AKJB0000028 breaks down as follows: AKJB identifies the bank, 0 is the reserved character, and 000028 identifies this particular branch.

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 Paratwada branch in Paratwada, Maharashtra is part of this network and uses the IFSC code AKJB0000028 for all electronic settlement.

Branch details at a glance

About the Paratwada branch

The Paratwada branch of Akola Janata Commercial Cooperative Bank is situated at DURANI CHOWK,PARATWADA PIN 444 805. 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 AKJB0000028 is used.

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 PARATWADA of Akola Janata Commercial Cooperative Bank — its own 11-character IFSC. The code AKJB0000028 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 AKJB0000028 the same way you would treat your account number — verify it once and save it carefully for future use.

Products and account variants supported

Every account opened at the Paratwada branch is mapped to IFSC AKJB0000028 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 AKJB0000028.

Products and services

Customers walking into the Paratwada 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 AKJB0000028

How to transfer money using IFSC AKJB0000028

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 AKJB0000028 across all three.

How to use IFSC AKJB0000028 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 PARATWADA 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 AKJB0000028.
4. Confirm the bank name auto-populates as Akola Janata Commercial Cooperative Bank and the branch as PARATWADA.
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 PARATWADA

If you need to transfer ₹2 lakh or more in one go to an account at Akola Janata Commercial Cooperative Bank's PARATWADA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC AKJB0000028 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 – PARATWADA, use IMPS. With IFSC AKJB0000028 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 Paratwada

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 AKJB0000028:

• 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 PARATWADA is still linked to IFSC AKJB0000028.

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.

UPI payments and IFSC AKJB0000028

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Akola Janata Commercial Cooperative Bank – PARATWADA is still mapped to IFSC AKJB0000028. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC AKJB0000028 and the beneficiary's account number to complete the transfer.

Online banking and IFSC AKJB0000028

Akola Janata Commercial Cooperative Bank customers can register for net banking and the bank's official mobile app once their account at the PARATWADA 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 AKJB0000028 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.

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 AKJB0000028 and the account number together uniquely identify the Paratwada branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 – PARATWADA:

• The IFSC is exactly AKJB0000028 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 PARATWADA 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.

How to reach the Paratwada branch

The branch is located at DURANI CHOWK,PARATWADA PIN 444 805, which puts it inside Paratwada, the broader Amravati 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 Paratwada branch” — the verified location pin for IFSC AKJB0000028 should appear at the top of the results.
2. Confirm the branch is open by calling 7223-220192 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 AKJB0000028 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC AKJB0000028 for Akola Janata Commercial Cooperative Bank – PARATWADA, 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.

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 Paratwada branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC AKJB0000028, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code AKJB0000028 belongs to Akola Janata Commercial Cooperative Bank's PARATWADA branch, located at DURANI CHOWK,PARATWADA PIN 444 805 in PARATWADA, 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.