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 Shreeji Bhatia Co Op Bank Ltd Ghatkopar W branch in Mumbai, Greater Bombay, 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 MDCB0680358. 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, Shreeji Bhatia Co Op Bank Ltd Ghatkopar W, Mumbai
Here are the key points that are associated with the IFSC Code MDCB0680358 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 | MDCB0680358 |
| Branch | Shreeji Bhatia Co Op Bank Ltd Ghatkopar W |
| City | Mumbai |
| District | Greater Bombay |
| State | Maharashtra |
| Address | Moti Mahal, Opp. Cama Junction,M G Road, Ghatkopar W Mumbai 400086 |
These details helps users in online banking and for businesses and individuals who use The Mumbai District Central Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MDCB0680358 for the Shreeji Bhatia Co Op Bank Ltd Ghatkopar W branch of The Mumbai District Central Cooperative Bank Limited plays a vital role.
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, including The Mumbai District Central Cooperative Bank Limited located in Shreeji Bhatia Co Op Bank Ltd Ghatkopar W, Mumbai, Maharashtra, is provided with a unique IFSC like MDCB0680358 to ensure that online payments reach the right destination.
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 errors or confusions between multiple branches of the same bank across different places like Mumbai and Greater Bombay.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for The Mumbai District Central Cooperative Bank Limited in Shreeji Bhatia Co Op Bank Ltd Ghatkopar W do not get mixed with another location.
Format of the IFSC Code MDCB0680358
The format of the IFSC Code for banks, including The Mumbai District Central Cooperative Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Mumbai District Central Cooperative Bank Limited, 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 Shreeji Bhatia Co Op Bank Ltd Ghatkopar W in Mumbai.
For example, the IFSC Code MDCB0680358 of The Mumbai District Central Cooperative Bank Limited for the Shreeji Bhatia Co Op Bank Ltd Ghatkopar W branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for The Mumbai District Central Cooperative Bank Limited?
To find the IFSC Code MDCB0680358 of The Mumbai District Central Cooperative Bank Limited for its Shreeji Bhatia Co Op Bank Ltd Ghatkopar W 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 Shreeji Bhatia Co Op Bank Ltd Ghatkopar W or Mumbai to find the exact IFSC Code MDCB0680358.
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 MDCB0680358 for Online Transfers?
Once you have the IFSC Code MDCB0680358 for the Shreeji Bhatia Co Op Bank Ltd Ghatkopar W branch of The Mumbai District Central Cooperative Bank Limited in Mumbai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MDCB0680358. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and The Mumbai District Central Cooperative Bank Limited IFSC Code MDCB0680358.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for The Mumbai District Central Cooperative Bank Limited Shreeji Bhatia Co Op Bank Ltd Ghatkopar W in Mumbai, it can result in delayed or failed transactions.
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 The Mumbai District Central Cooperative Bank Limited in Shreeji Bhatia Co Op Bank Ltd Ghatkopar W, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shreeji Bhatia Co Op Bank Ltd Ghatkopar W Mumbai branch is MDCB0680358.
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 Moti Mahal, Opp. Cama Junction,M G Road, Ghatkopar W Mumbai 400086.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.