IFSC Code of Model Cooperative Bank Ltd, Mira Road, Thane, Maharashtra — MDBK0000017

There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Model Cooperative Bank Ltd for its Mira Road branch in Mumbai, Thane, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Model Cooperative Bank Ltd situated in Mumbai or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code MDBK0000017. You should 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, Mira Road, Mumbai

Here are the main details that are associated with the IFSC Code MDBK0000017 of Model Cooperative Bank Ltd for its branch located in Mumbai, within the district of Thane 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 MDBK0000017 for the Mira Road branch of Model Cooperative Bank Ltd is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Model Cooperative Bank Ltd located in Mira Road, Mumbai, Maharashtra, is provided a unique IFSC like MDBK0000017 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Model Cooperative Bank Ltd branch in Mumbai.
• Helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any confusions between multiple branches of the same bank across different places like Mumbai and Thane.
• It reduces most of the errors in fund transfers and makes sure its accuracy.
• It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Model Cooperative Bank Ltd in Mira Road do not get misguided to another person.

Format of the IFSC Code MDBK0000017

This is the format of the IFSC Code for banks, including Model Cooperative Bank Ltd, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

• First 4 characters (AAAA): This is the bank code. For Model Cooperative Bank Ltd, these characters are the bank's short identifier.
• 5th character (0): This stays zero till there is any future use.
• Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mira Road in Mumbai.

For example, the IFSC Code MDBK0000017 of Model Cooperative Bank Ltd for the Mira Road branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.

How to Find IFSC Code for Model Cooperative Bank Ltd?

If you are trying to find the IFSC Code MDBK0000017 of Model Cooperative Bank Ltd for its Mira Road 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 Thane, 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 Mira Road or Mumbai to get the exact IFSC Code MDBK0000017.

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 MDBK0000017 for Online Transfers?

Once you have the IFSC Code MDBK0000017 for the Mira Road branch of Model Cooperative Bank Ltd in Mumbai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code MDBK0000017. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

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

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Model Cooperative Bank Ltd IFSC Code MDBK0000017.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Model Cooperative Bank Ltd Mira Road in Mumbai, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Model Cooperative Bank Ltd in Mira Road, here are some ways that you can get it:

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

If you know both IFSC and MICR codes, then it can help account holders in Mumbai manage online transfers as well as cheque clearances with ease.