Introduction

The Akola Janata Commercial Cooperative Bank is not just any bank. It’s special. Why? Because it started its journey on a lucky day, the 20th of October in 96 That’s a long time ago! This bank has been helping people with their money for over 50 years.

Akola Janata Commercial Cooperative Bank

Historical Background

Year

Event

Description

969

Start

The bank began its journey with a small amount of money, just Rs.09 lakhs.

Today

Growth

From that small start, the bank has grown a lot. Now, it has a big capital of Rs.3759 lakhs. That’s like a small seed growing into a big tree!

The Akola Janata Bank has seen many days and years. From the time when letters were the main way to talk to someone far away, to now, when we can video call anyone in the world. Through all these changes, the bank has stood strong and grown.

Bank’s Vision and Mission

Every bank has a dream. For Akola Janata Bank, that dream was to help the city of Akola grow. They wanted to make sure people in Akola could save their money, get loans when they needed, and feel safe about their money.

But that’s not all. The bank also had a bigger dream. They wanted to be a part of something called the ‘co-operative movement’ in India. This movement is all about people coming together and helping each other. It’s like a big team where everyone plays their part.

Services Offered

Service

What is it?

More about it

Loans

Money that the bank gives you, which you have to return.

The bank helps people by giving them loans. This can be for buying a house, a car, or even for studies.

Deposits

Money that you keep in the bank.

You can save your money in the bank. The bank keeps it safe for you. And guess what? They even give you some extra money called ‘interest’ for keeping your money with them.

Insurance

A promise to help if something bad happens.

Life is full of surprises. Some good, some not so good. Insurance is the bank’s way of saying, “Don’t worry, we’ve got your back!”

The bank has many places where people can go and use these services. They have 36 main places called ‘branches’ and 4 smaller ones called ‘extension counters’ in Maharashtra.

In simple words, the Akola Janata Commercial Cooperative Bank is like a big tree. It started small but has grown big and strong. It gives shade to many and helps them in different ways. Whether you want to save money, borrow some, or make sure you’re safe from life’s surprises, this bank is there for you.

Note: Always remember, banks like Akola Janata are here to help. But it’s also important to understand and be careful with money matters. If you ever have questions, always ask an adult or someone you trust.

Modern Banking with Akola Janata

In today’s world, everything is fast. We want things now, not later. That’s where modern banking comes in. Let’s dive into some cool banking terms and what they mean.

Term

What is it?

Cool Facts

NEFT

A way to send money quickly.

NEFT stands for National Electronic Funds Transfer. It’s like sending a text, but instead of words, you’re sending money! It works in hourly batches, so it’s super fast.

RTGS

Another way to send big amounts of money, even faster!

RTGS means Real Time Gross Settlement. It’s for big money transfers. Imagine sending a whole year’s pocket money in one go! That’s when you use RTGS.

IFSC Code

A special code to identify bank branches.

Every bank branch has a unique IFSC code. It’s like a special name. For Akola Janata Bank, it starts with “AKJB”. This code makes sure your money goes to the right place.

Customer-Centric Approach

Ever heard the saying, “The customer is king”? Well, Akola Janata Bank believes in it. Let’s see how they make their customers feel special.

What they do

Why is it cool?

How it helps you

Computerized Banking

Using computers to do banking.

No more waiting in long lines! With computers, everything is faster and smoother. You can get your work done in a jiffy.

Impeccable Service

Giving the best service possible.

Have a question? Need help? The bank is always ready. They make sure you leave with a smile.

Transparency

No hidden secrets.

Everything is clear and open. You know what’s happening with your money. No surprises!

Conclusion

The Akola Janata Commercial Cooperative Bank is not just about money. It’s about trust, care, and being there for the people. From the old days of counting coins to the modern days of clicking buttons, the bank has come a long way. But one thing remains the same – their promise to serve and help.

With their modern banking tools like NEFT and RTGS, sending money is a breeze. And with their focus on customers, you always feel valued and important. It’s like being a part of a big family where everyone looks out for each other.

Remember, banking is not just about numbers. It’s about relationships, trust, and making dreams come true. And Akola Janata Bank is doing just that, one customer at a time.

Note: Money is a big responsibility. Always be careful and ask questions if you’re unsure. It’s better to be safe than sorry. And always remember, banks like Akola Janata are here to help and guide you.

FAQ

It’s a cooperative bank established in 969, primarily serving the people of Akola and surrounding regions.
The bank was founded on 20th October 96
The bank’s headquarters is located in Akola, Maharashtra.
The bank boasts over 36 branches and 4 extension counters in Maharashtra.
YThe bank offers a range of services including loans, deposits, insurance, and modern banking facilities like NEFT and RTGS.
NEFT stands for National Electronic Funds Transfer. It’s a quick way to transfer money between banks electronically.
RTGS, or Real Time Gross Settlement, is for transferring large amounts of money in real-time, while NEFT works in hourly batches.
IFSC code is a unique code that identifies each bank branch. It’s used for electronic money transfers.
YThe IFSC code can be found on the bank’s official website, cheque book leaflets, or financial platforms like BankBazaar.
Yes, the bank offers computerized and online banking services for the convenience of its customers.

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