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Model Co-operative Bank · Palghar

MDBK0000027: Model Co-operative Bank, Palghar

IFSC code MDBK0000027 belongs to the Palghar branch of Model Co-operative Bank in Palghar, Maharashtra. Its MICR code is 400807018.

IFSC
MDBK0000027
MICR
400807018
Bank
Model Co-operative Bank
Branch
Palghar
District
Palghar
State
Maharashtra
Phone
+912525252989

Branch address

Model Co-operative Bank
Shop No 5-10,Shree Ram Verma Complex,Bldg No 4,Ambedkar Chowk,Mahim-Manor Road,Palghar West - 401401

Open in a map · Pincode 401401: post offices and area

Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPINot markedPayments by UPI ID or mobile number from apps

Reading this IFSC

MDBK is Model Co-operative Bank's bank code, the fifth character 0 is kept for future use, and 000027 is the code of the Palghar branch. In the MICR code 400807018, 400 is the city, 807 the bank and 018 the branch.

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Model Co-operative Bank's Palghar branch (Palghar, Maharashtra) is MDBK0000027.

  2. 400807018. MICR is printed at the bottom of the branch's cheques.

  3. Shop No 5-10,Shree Ram Verma Complex,Bldg No 4,Ambedkar Chowk,Mahim-Manor Road,Palghar West - 401401

  4. RBI's list shows this branch on NEFT, RTGS and IMPS. Use the IFSC MDBK0000027 with the beneficiary's account number.

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