The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of The Mumbai District Central Cooperative Bank Limited for its Mumbai Maha Palika Svcb Dadar branch in Mumbai, Greater Bombay, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed 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 MDCB0680301. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Mumbai District Central Cooperative Bank Limited, Mumbai Maha Palika Svcb Dadar, Mumbai
Below in the table are the key details related to IFSC Code MDCB0680301 of The Mumbai District Central Cooperative Bank Limited for its branch located in Mumbai, within the district of Greater Bombay in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Mumbai District Central Cooperative Bank Limited |
| IFSC Code | MDCB0680301 |
| Branch | Mumbai Maha Palika Svcb Dadar |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| Address | Bhavani Shankar Road,Municipal Marathi School,Dadar,Mumbai 400 028 |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Mumbai District Central Cooperative Bank Limited in Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MDCB0680301 for the Mumbai Maha Palika Svcb Dadar branch of The Mumbai District Central Cooperative Bank Limited has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like MDCB0680301 is given to every bank branch, including The Mumbai District Central Cooperative Bank Limited located in Mumbai Maha Palika Svcb Dadar, Mumbai, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the The Mumbai District Central Cooperative Bank Limited branch in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Mumbai and Greater Bombay.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for The Mumbai District Central Cooperative Bank Limited in Mumbai Maha Palika Svcb Dadar doesn't end up at another location.
Format of the IFSC Code MDCB0680301
This is 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 explanation:
- First 4 characters (AAAA): This is the bank code. For The Mumbai District Central Cooperative Bank Limited, 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 Mumbai Maha Palika Svcb Dadar in Mumbai.
For example, the IFSC Code MDCB0680301 of The Mumbai District Central Cooperative Bank Limited for the Mumbai Maha Palika Svcb Dadar 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 MDCB0680301 of The Mumbai District Central Cooperative Bank Limited for its Mumbai Maha Palika Svcb Dadar 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 Greater Bombay, 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 Mumbai Maha Palika Svcb Dadar or Mumbai to find the exact IFSC Code MDCB0680301.
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 MDCB0680301 for Online Transfers?
If you have the IFSC Code MDCB0680301 for the Mumbai Maha Palika Svcb Dadar branch of The Mumbai District Central Cooperative Bank Limited 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 MDCB0680301. 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 The Mumbai District Central Cooperative Bank Limited IFSC Code MDCB0680301.
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 The Mumbai District Central Cooperative Bank Limited Mumbai Maha Palika Svcb Dadar in Mumbai, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of The Mumbai District Central Cooperative Bank Limited in Mumbai Maha Palika Svcb Dadar, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official The Mumbai District Central Cooperative Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Mumbai manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is MDCB0680301.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Bhavani Shankar Road,Municipal Marathi School,Dadar,Mumbai 400 028 located in Mumbai, Greater Bombay, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.