IFSC Code of GS Mahanagar Cooperative Bank Limited Mumbai, Malkapur Branch, Maharashtra

Below are the complete branch details for GS Mahanagar Cooperative Bank Limited Mumbai, MALKAPUR branch, located in KARAD, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is MCBL0960080. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case MCBL0960080 for GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR is MCBL0960080. The first four letters MCBL are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 960080 map to this branch in KARAD, MAHARASHTRA.

About the bank

GS Mahanagar Cooperative Bank Limited Mumbai serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Malkapur branch in Karad, Maharashtra is part of this network and uses the IFSC code MCBL0960080 for all electronic settlement.

About the Malkapur branch

The Malkapur branch of GS Mahanagar Cooperative Bank Limited Mumbai is situated at SHOP NO 879 880 881 GANGANGIRI HEIGHTS GATE NO 277/3/3 MALKAPUR KARAD SATARA 415539. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code MCBL0960080 is used.

Branch details at a glance

Why every GS Mahanagar Cooperative Bank Limited Mumbai branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including MALKAPUR of GS Mahanagar Cooperative Bank Limited Mumbai — its own 11-character IFSC. The code MCBL0960080 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC MCBL0960080 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Malkapur branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MCBL0960080 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC MCBL0960080

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC MCBL0960080 across all three.

NEFT to GS Mahanagar Cooperative Bank Limited Mumbai, MALKAPUR using IFSC MCBL0960080

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC MCBL0960080, and confirm that the system picks up GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC MCBL0960080

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR, ensure your bank's portal accepts IFSC MCBL0960080 while registering the beneficiary. RTGS is also available 24x7.

IMPS to GS Mahanagar Cooperative Bank Limited Mumbai MALKAPUR (IFSC MCBL0960080)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MCBL0960080 in your mobile or internet banking app, and the money is credited to the MALKAPUR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC MCBL0960080 for GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Malkapur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC MCBL0960080

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR is still mapped to IFSC MCBL0960080. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC MCBL0960080 and the beneficiary's account number to complete the transfer.

Account types you can open at the Malkapur branch

Once you have an account at GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR, the IFSC MCBL0960080 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Malkapur branch can access most of GS Mahanagar Cooperative Bank Limited Mumbai's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC MCBL0960080

Digital banking channels

Most day-to-day work that customers used to do at the Malkapur branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC MCBL0960080 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

How to reach the Malkapur branch

The branch is located at SHOP NO 879 880 881 GANGANGIRI HEIGHTS GATE NO 277/3/3 MALKAPUR KARAD SATARA 415539, which puts it inside Karad, the broader Satara district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “GS Mahanagar Cooperative Bank Limited Mumbai Malkapur branch” — the verified location pin for IFSC MCBL0960080 should appear at the top of the results.
2. Confirm the branch is open by calling 2164-7039764879 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC MCBL0960080 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR:

• The IFSC is exactly MCBL0960080 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills GS Mahanagar Cooperative Bank Limited Mumbai as the bank name and MALKAPUR as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Malkapur branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MCBL0960080, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MCBL0960080 for GS Mahanagar Cooperative Bank Limited Mumbai – MALKAPUR, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MCBL0960080 belongs to GS Mahanagar Cooperative Bank Limited Mumbai's MALKAPUR branch, located at SHOP NO 879 880 881 GANGANGIRI HEIGHTS GATE NO 277/3/3 MALKAPUR KARAD SATARA… in KARAD, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.