Akola Janata Commercial Cooperative Bank

The Akola Janata Commercial Co-operative Bank was set up to create the Cooperative Movement in Akola. Bank has branches in MP and Maharashtra and offers banking services to grass root levels. This bank was established on Vijayadashami Day and offers services like the Savings Account, Term and Fixed Deposits, Vehicle Loans, Fisheries Loan, Property Loans, Short term deposits, Agricultural finance, Online banking. The bank was honoured with title of "Excellent Schedule Bank" by the Vidharba Urban Co-operative Bank Association in Nagpur.

Factsheet of Akola Janata Commercial Cooperative Bank
Bank NameAkola Janata Commercial Cooperative Bank
Founded inOct. 20, 1969
Promoters/foundersShri Jamanlalji Goenka and Shri. Vinaykumarji Parashar.
Headquarter Address

The Akola Janata Commercial Co-operative Bank
Janvaibhava
Old Cotton Market
Post Box No 90
Akola--444001
Maharashtra

Employee's612
Type of BankCo-operative Bank
Official Websitehttps://www.akolajanatabank.com/
Customer Care Number9552553564, 07242430012, 07242430639,07242430241

History of Akola Janata Commercial Cooperative Bank

The  Akola Janata Commercial Cooperative Bank was created on the auspicious day of Dusshera on October 20th 1969 by the Maharashtra Chief Minister Shri Vasant Rao Naik. The bank is making lot of headlines in assisting the poor and the weaker section of the society. 

We have achieved the status of becoming the Scheduled Bank with the establishment of more than 35 plus branches in Maharashtra and creation of the 4 extension counters. 

We are one of those banks playing a pivotal role in assisting the Physically and Mentally Handicapped, Senior Citizens, and various orphanages in Maharashtra state. Furthermore, we have been honoured with the title of "Excellent Schedule Bank" by the Vidarbha Urban Co-operative Bank Association of Nagpur.

We have constructed a new three storied structure at Risod, Karnja and Washim Khamgaon areas and purchased some plots at Malegaon, Mangrulpir and Akot for the purpose of construction of branches.

The Chairman of the Akola Janata Commercial Cooperative Bank is Shri Sakarchandji Shah and the Vice Chairman is Shri Gyanchandji Garg is a man of fame in the highly competitive corporate world.

Banking Services offered by the Akola Janata Commercial Cooperative Bank

There are various banking services offered by the Akola Janata Commercial Cooperative Bank given below as follows:

  • Hire Purchase
  • Locker facilities
  • ATM Facilities
  • Current Deposits
  • Savings Deposits
  • Secured Cash Credit
  • Personalised Pass Book
  • Debit Card and Credit Card
  • Personalised Cheque Books
  • Guaranteed Repayment Loan
  • Loan against Immovable properties
  • Loan against Government Securities

Loans and credit facilities provided by the Akola Janata Commercial Cooperative Bank

The Akola Janata Commercial Cooperative Bank provides amazing loan and credit facilities and they are given below as follows:

  • Term Loan
  • Home Loans
  • Vehicles Loan
  • Property Loan
  • Personal Loan
  • Business Loan
  • Consumer Loan
  • Education Loan
  • Loan against LIC
  • Loans against FDR
  • Hire Purchase Loan
  • Loan against Gold and Silver

Awards and Recognition

Last year The Akola Janata Commercial Cooperative Bank was given the title of "Excellent Schedule Bank" by the Vidarbha Urban Co-op Bank Association Nagpur.

Always playing a major role in various charitable activities in Maharashtra state.

Akola Janata Commercial Cooperative Bank has 40 IFSC connected branches in India. Bank has branches in following states:

  • MADHYA PRADESH
  • MAHARASHTRA

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