Mumbai Dist Central Coop Bank IFSC code & MICR code

You can search for MDCC Bank's IFSC and MICR codes in the following ways:

1. Visit the branch: You can always visit the specific branch and ask for the IFSC code. However, this will may seem a little troublesome.
2. Call the branch: You can also call the specific bank branch over the phone and enquire about the IFSC and MICR codes.
3. Cheque leaves: You will find IFSC and MICR codes of the bank branch printed on the cheque book of the bank, given at the time of account opening.
4. RBI website: The official RBI website has all the details of all bank branches that are a part of the NEFT/RTGS network.
5. Third-party websites: There are other quick ways to find IFSC and MICR codes of MDCC bank online, free of cost. Some websites like BankBazaar, offer you a smooth and easy platform, where you can run a quick search on MDCC Bank to find out the codes. To attain an IFSC or MICR code of any MDCC bank branch, you will have to click on a tab called 'Bank IFSC Code' on the bottom left of the BankBazaar homepage. Upon clicking, a window with fields - Bank name, State, District and Branch name, will appear. You will have to enter the details from the drop-down menu or a list given on each page for each field. Once all the fields are filled, the website displays name of the specific branch of MDCC Bank, along with IFSC code, MICR code, address and phone number.

How to Transfer Money using Mumbai District Central Co-operative Bank (MDCC Bank) NEFT and RTGS Processes?

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 1^st and 3^rd Saturday)

NEFT charges per transaction are:

1. Upto Rs.10,000- Rs.2.50
2. Rs.10,001 to Rs.1,00,000- Rs.5
3. Rs.1,00,001 to Rs.2,00,000- Rs.15
4. Above Rs.2,00,001- Rs.25

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:

1. Monday to Friday - 9am to 4:30pm (Customer transactions) and 8am to 7:45pm (Inter-bank transactions)
2. Saturday - 9am to 2pm (Customer transactions) and 9am to 6:30pm (Inter-bank transactions - 1^st and 3^rd Saturday)

RTGS charges per transaction at MDCC Bank are:

1. Rs.2,00,000 to Rs.5,00,000: Rs.25
2. Above Rs.5,00,000: Rs.50

Additional taxes are applicable.

About The Mumbai District Central Co-operative Bank Ltd. (MDCC Bank):

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.