IFSC Code of Model Cooperative Bank Ltd, Goregaon, Mumbai, Maharashtra — MDBK0000034

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Model Cooperative Bank Ltd for its Goregaon branch in Mumbai, Mumbai, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Model Cooperative Bank Ltd located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MDBK0000034. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Model Cooperative Bank Ltd, Goregaon, Mumbai

Here are the key points that are associated with the IFSC Code MDBK0000034 of Model Cooperative Bank Ltd for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.

These details are important not only for users using online banking but also for businesses and individuals who use Model Cooperative Bank Ltd in Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MDBK0000034 for the Goregaon branch of Model Cooperative Bank Ltd is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Model Cooperative Bank Ltd located in Goregaon, Mumbai, Maharashtra, are allotted a unique IFSC like MDBK0000034 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Mumbai.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents confusion between different branches of the same bank in places like Mumbai and Mumbai.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Model Cooperative Bank Ltd in Goregaon reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code MDBK0000034

The format of the IFSC Code for banks, including Model Cooperative Bank Ltd, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): Show the bank code. For Model Cooperative Bank Ltd, these letters represent the bank's short name.
• 5th character: Is always zero and is kept for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Goregaon in Mumbai.

For example, the IFSC Code MDBK0000034 of Model Cooperative Bank Ltd for the Goregaon branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.

How to Find IFSC Code for Model Cooperative Bank Ltd?

If you are trying to find the IFSC Code MDBK0000034 of Model Cooperative Bank Ltd for its Goregaon branch located in Mumbai, the following methods can help:

Cheque Book

The cheque books that are issued by Model Cooperative Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Model Cooperative Bank Ltd branches in Mumbai and Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Model Cooperative Bank Ltd and find the branch locator section. Search for Goregaon or Mumbai to get the exact IFSC Code MDBK0000034.

Mobile Banking App

If you use Model Cooperative Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Model Cooperative Bank Ltd and Mumbai that will provide accurate information.

How to Use IFSC Code MDBK0000034 for Online Transfers?

If you have the IFSC Code MDBK0000034 for the Goregaon branch of Model Cooperative Bank Ltd in Mumbai, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MDBK0000034. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Model Cooperative Bank Ltd IFSC Code MDBK0000034.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Model Cooperative Bank Ltd Goregaon in Mumbai, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Model Cooperative Bank Ltd in Goregaon, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Model Cooperative Bank Ltd website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Mumbai manage online transfers as well as cheque clearances with ease.