IFSC Code of Akola Janata Commercial Cooperative Bank, Shelu Bazar Branch, Maharashtra

Below are the complete branch details for Akola Janata Commercial Cooperative Bank, SHELU BAZAR branch, located in SHELU BAZAR, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is AKJB0000036. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case AKJB0000036 for Akola Janata Commercial Cooperative Bank – SHELU BAZAR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

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 – SHELU BAZAR is AKJB0000036. The first four letters AKJB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000036 map to this branch in SHELU BAZAR, MAHARASHTRA.

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 Shelu Bazar branch in Shelu Bazar, Maharashtra is part of this network and uses the IFSC code AKJB0000036 for all electronic settlement.

Shelu Bazar branch overview

Located at LAXMICHAND VIDYALAY SHELU BAZAR PIN 444402, the Shelu Bazar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC AKJB0000036 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

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 SHELU BAZAR of Akola Janata Commercial Cooperative Bank — its own 11-character IFSC. The code AKJB0000036 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 AKJB0000036 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Shelu Bazar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC AKJB0000036 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 AKJB0000036

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 AKJB0000036 across all three.

NEFT to Akola Janata Commercial Cooperative Bank, SHELU BAZAR using IFSC AKJB0000036

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 AKJB0000036, and confirm that the system picks up Akola Janata Commercial Cooperative Bank – SHELU BAZAR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC AKJB0000036

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Akola Janata Commercial Cooperative Bank – SHELU BAZAR, ensure your bank's portal accepts IFSC AKJB0000036 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Akola Janata Commercial Cooperative Bank – SHELU BAZAR, use IMPS. With IFSC AKJB0000036 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 AKJB0000036 for Akola Janata Commercial Cooperative Bank – SHELU BAZAR, 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 Shelu Bazar 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.

UPI payments and IFSC AKJB0000036

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 – SHELU BAZAR is still mapped to IFSC AKJB0000036. 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 AKJB0000036 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Shelu Bazar branch is mapped to IFSC AKJB0000036 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 AKJB0000036.

Products and services

Customers walking into the Shelu Bazar 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 AKJB0000036

Digital banking channels

Most day-to-day work that customers used to do at the Shelu Bazar 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 AKJB0000036 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.

Reaching the branch

The Shelu Bazar branch sits at LAXMICHAND VIDYALAY SHELU BAZAR PIN 444402. If you are travelling from outside Shelu Bazar, search for the branch on a maps application using the bank name and locality, or call 7253-264769 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 AKJB0000036 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 – SHELU BAZAR:

• The IFSC is exactly AKJB0000036 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 SHELU BAZAR 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.

Working hours

Branch counters at Shelu Bazar 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 AKJB0000036 continue to work without interruption.

Verifying IFSC AKJB0000036 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 AKJB0000036 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 7253-264769.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: AKJB0000036 is the IFSC code of Akola Janata Commercial Cooperative Bank, SHELU BAZAR branch, in SHELU BAZAR, 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.