MDBK0000020 IFSC Code, MODEL CO-OPERATIVE BANK, MAHIM

IFSC Code of Model Co-operative Bank, Mahim, Maharashtra IFSC CODE & MICR CODE

MODEL CO-OPERATIVE BANK, MAHIM - MDBK0000020

  • Bank name: MODEL CO-OPERATIVE BANK

Bank Address: 9/10,karam Bhoomi Premises Chs Ltd,mori Road,mahim West,mumbai 400016

  • IFSC Code mdbk0000020
  • Bank Code MDBK
  • Bank name MODEL CO-OPERATIVE BANK
  • Bank contact number +912224455600
  • Bank branch MAHIM
  • Bank ISO3166 Code IN-MH
  • Bank Center MUMBAI
  • MICR Code 400807012
  • State name MAHARASHTRA
  • District name MUMBAI
  • City name MUMBAI
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI Yes
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for MODEL CO-OPERATIVE BANK, MAHIM branch is MDBK0000020, ensures that your transactions are directed to the correct branch.

How to Use MDBK0000020 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the MAHIM branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.