For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of The Mumbai District Central Cooperative Bank Limited for its Madh branch in Mumbai, Mumbai, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of The Mumbai District Central Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MDCB0680045. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Mumbai District Central Cooperative Bank Limited, Madh, Mumbai
The table below shows the main details of the IFSC Code MDCB0680045 for the The Mumbai District Central Cooperative Bank Limited branch in Mumbai, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Mumbai District Central Cooperative Bank Limited |
| IFSC Code | MDCB0680045 |
| Branch | Madh |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Shop No.3, Ground Floor,Bhopi House, Madh Village,Madh Market, Bhaskar Bhopi Marg, Madh Island,Mumbai - 400 061. |
These details are important not only for users using online banking but also for businesses and individuals who use The Mumbai District Central Cooperative Bank Limited in Mumbai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code MDCB0680045 for the Madh branch of The Mumbai District Central Cooperative Bank Limited 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 The Mumbai District Central Cooperative Bank Limited located in Madh, Mumbai, Maharashtra, are allotted a unique IFSC like MDCB0680045 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 The Mumbai District Central Cooperative Bank Limited in Madh reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code MDCB0680045
The format of the IFSC Code for banks, including The Mumbai District Central Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For The Mumbai District Central Cooperative Bank Limited, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Madh in Mumbai.
For example, the IFSC Code MDCB0680045 of The Mumbai District Central Cooperative Bank Limited for the Madh branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for The Mumbai District Central Cooperative Bank Limited?
To find the IFSC Code MDCB0680045 of The Mumbai District Central Cooperative Bank Limited for its Madh branch located in Mumbai, the following methods can help you out:
Cheque Book
The cheque book issued by The Mumbai District Central Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including The Mumbai District Central Cooperative Bank Limited 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 The Mumbai District Central Cooperative Bank Limited and go to the branch locator section. Then search for Madh or Mumbai to find the exact IFSC Code MDCB0680045.
Mobile Banking App
If you use The Mumbai District Central Cooperative Bank Limited's mobile app, you can 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. Searching for The Mumbai District Central Cooperative Bank Limited and Mumbai will provide accurate information.
How to Use IFSC Code MDCB0680045 for Online Transfers?
Once you have the IFSC Code MDCB0680045 for the Madh branch of The Mumbai District Central Cooperative Bank Limited in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code MDCB0680045. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and The Mumbai District Central Cooperative Bank Limited IFSC Code MDCB0680045.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the The Mumbai District Central Cooperative Bank Limited Madh in Mumbai, your payment can get delayed or might not go through at all.
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 The Mumbai District Central Cooperative Bank Limited in Madh, 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 The Mumbai District Central Cooperative Bank Limited 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.
Frequently Asked Questions (FAQs)
The IFSC Code of the Madh Mumbai branch is MDCB0680045.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shop No.3, Ground Floor,Bhopi House, Madh Village,Madh Market, Bhaskar Bhopi Marg, Madh Island,Mumbai - 400 061..
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.