Jalgaon Peoples Co-Op Bank Akola Akot Maharashtra MICR CODE

Find MICR Codes for Jalgaon Peoples Co-Op Bank Akola Akot Maharashtra

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MICR Code	-NA-
Bank	The Jalgaon Peoples Co-op Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Akot
Contact	0-7258222910
Bank Details	The Jalgaon Peoples Co-op Bank Akot JPCB0000042

Location	Akola, Akot
City	Akola
District	Akot
State	Maharashtra
Pincode	444101
Country	IN
Address	Kisan mechanical center,akola road,akot.- 444101

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Akot branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Jalgaon Peoples Bank, Akot branch makes the system almost error free and faster. Use of Jalgaon Peoples Bank MICR codes for Akot branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The Jalgaon Peoples Co-op Bank are available with micr code -

>>Akot

MICR code for Jalgaon Peoples Co-Op Bank Akot

Jalgaon Peoples Co-Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jalgaon Peoples Bank MICR code for Akot is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Jalgaon Peoples Co-Op Bank for Akot branch. MICR code for Akot branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Jalgaon Peoples Bank Akot is presented in the table alongside.

Use of Jalgaon Peoples Bank MICR code for Akot branch in akola

The MICR code 0 is used in RBI cheque clearing process to identify the branch Akot and Jalgaon Peoples Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Jalgaon Peoples Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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