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 State Transport Coop Bank Palghar branch in Palghar, Thane, 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 Palghar or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code MDCB0680384. 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, State Transport Coop Bank Palghar, Palghar
Below in the table are the key details related to IFSC Code MDCB0680384 of The Mumbai District Central Cooperative Bank Limited for its branch located in Palghar, within the district of Thane in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | The Mumbai District Central Cooperative Bank Limited |
| IFSC Code | MDCB0680384 |
| Branch | State Transport Coop Bank Palghar |
| City | Palghar |
| District | Thane |
| State | Maharashtra |
| Address | Tulja Bhavan, 1St Floor, Opp Fish Market,Old Palghar,Dist Thane |
These details are essential not only for online banking users but also for businesses and individuals who use The Mumbai District Central Cooperative Bank Limited in Palghar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MDCB0680384 for the State Transport Coop Bank Palghar branch of The Mumbai District Central Cooperative Bank Limited plays 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 MDCB0680384 is given to every bank branch, including The Mumbai District Central Cooperative Bank Limited located in State Transport Coop Bank Palghar, Palghar, 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 Palghar.
- 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 Palghar and Thane.
- 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 State Transport Coop Bank Palghar doesn't end up at another location.
Format of the IFSC Code MDCB0680384
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 State Transport Coop Bank Palghar in Palghar.
For example, the IFSC Code MDCB0680384 of The Mumbai District Central Cooperative Bank Limited for the State Transport Coop Bank Palghar branch includes these elements, identifying the bank and the branch location in Palghar and Maharashtra accurately.
How to Find IFSC Code for The Mumbai District Central Cooperative Bank Limited?
If you are looking for the IFSC Code MDCB0680384 of The Mumbai District Central Cooperative Bank Limited for its State Transport Coop Bank Palghar branch located in Palghar, the following methods can help:
Cheque Book
The cheque book that is issued by The Mumbai District Central Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including The Mumbai District Central Cooperative Bank Limited branches in Palghar and Thane, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of The Mumbai District Central Cooperative Bank Limited and look for the branch locator section, then search for State Transport Coop Bank Palghar or Palghar to get the exact IFSC Code MDCB0680384.
Mobile Banking App
If you use The Mumbai District Central Cooperative Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for The Mumbai District Central Cooperative Bank Limited and Palghar, then it will provide you proper information.
How to Use IFSC Code MDCB0680384 for Online Transfers?
Once you have the IFSC Code MDCB0680384 for the State Transport Coop Bank Palghar branch of The Mumbai District Central Cooperative Bank Limited in Palghar, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code MDCB0680384. Transfers are processed in batches. This is 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. Requires the recipient's account details and The Mumbai District Central Cooperative Bank Limited IFSC Code MDCB0680384.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Mumbai District Central Cooperative Bank Limited State Transport Coop Bank Palghar in Palghar may 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 State Transport Coop Bank Palghar, 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 Palghar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is MDCB0680384.
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 Tulja Bhavan, 1St Floor, Opp Fish Market,Old Palghar,Dist Thane located in Palghar, Thane, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.