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Model Co-operative Bank · Mumbai

MDBK0000029: Model Co-operative Bank, Bhiwandi

IFSC code MDBK0000029 belongs to the Bhiwandi branch of Model Co-operative Bank in Mumbai, Maharashtra. Its MICR code is 400807022.

IFSC
MDBK0000029
MICR
400807022
Bank
Model Co-operative Bank
Branch
Bhiwandi
District
Mumbai
State
Maharashtra
Phone
+912522297637

Branch address

Model Co-operative Bank
Unit No 15,Building E3,Bhoomi World Industrial Park,Pimplas,Nh3,Bhiwandi

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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 000029 is the code of the Bhiwandi branch. In the MICR code 400807022, 400 is the city, 807 the bank and 022 the branch.

Other Model Co-operative Bank branches in Mumbai

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 Bhiwandi branch (Mumbai, Maharashtra) is MDBK0000029.

  2. 400807022. MICR is printed at the bottom of the branch's cheques.

  3. Unit No 15,Building E3,Bhoomi World Industrial Park,Pimplas,Nh3,Bhiwandi

  4. RBI's list shows this branch on NEFT, RTGS and IMPS. Use the IFSC MDBK0000029 with the beneficiary's account number.

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