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Model Co-operative Bank · Mumbai

MDBK0000031: Model Co-operative Bank, Virar

IFSC code MDBK0000031 belongs to the Virar branch of Model Co-operative Bank in Mumbai, Maharashtra. Its MICR code is 400807020.

IFSC
MDBK0000031
MICR
400807020
Bank
Model Co-operative Bank
Branch
Virar
District
Mumbai
State
Maharashtra
Phone
+912502514973

Branch address

Model Co-operative Bank
Shop No.1,Gangotri CHS,Virat Nagar,Virar West

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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 000031 is the code of the Virar branch. In the MICR code 400807020, 400 is the city, 807 the bank and 020 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 Virar branch (Mumbai, Maharashtra) is MDBK0000031.

  2. 400807020. MICR is printed at the bottom of the branch's cheques.

  3. Shop No.1,Gangotri CHS,Virat Nagar,Virar West

  4. RBI's list shows this branch on NEFT, RTGS and IMPS. Use the IFSC MDBK0000031 with the beneficiary's account number.

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