State wise list of Mumbai Dist Central Coop Bank IFSC code, MICR code and addresses of all branches in India
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MDCC Bank offers its customers wireless fund transfer facilities that allow customers to remit money virtually, without taking the trouble of any paperwork. An electronic fund transfer requires you to have the following information: sender’s account number, beneficiary’s bank account number, beneficiary bank branch name and IFSC code. IFSC Code stands for ‘Indian Financial System Code’, which is assigned by the RBI and serves as a unique identification of all bank branches. It is an alpha numeric code comprising of 11 characters.
For Example: The IFSC code of the Bandra branch of the MDCC bank is ‘MDCB0680024’. Here, the first four characters ‘MDCB’ stands for the name of the bank and the last six digits ‘680024’ represents the branch name, ‘Bandra’.
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You can search for MDCC Bank’s IFSC and MICR codes in the following ways:
Customers of MDCC Bank can transfer money using two modes, namely – NEFT and RTGS. As both these systems are managed by RBI, they are considered safe, efficient and secure.
NEFT (National Electronic Fund Transfer):
RBI follows a Deferred Net Settlement (DNS) basis, to carry out NEFT transactions. NEFT transactions at MDCC Bank are cleared from 9am to 6:30pm on weekdays and 9am to 6:30pm on Saturdays (Only on 1st and 3rd Saturday)
NEFT charges per transaction are:
Additional taxes are applicable.
RTGS (Real Time Gross Settlement):
RTGS transactions are carried out real time and are preferred for high-value transfers. It is referred to as ‘gross settlement’ as each RTGS transaction is cleared individually.
RTGS transactions at MDCC bank are cleared at the following timings:
RTGS charges per transaction at MDCC Bank are:
Additional taxes are applicable.
The MDCC Bank or the Mumbai District Central Co-operative Bank Ltd. started its operations in 1975. The bank provides financial services to the non-agricultural co-operative societies of our country.
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