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

This page lists the IFSC code, branch address, contact number and fund-transfer information for GS Mahanagar Cooperative Bank Limited Mumbai, PANVEL branch in PANVEL. The 11-digit IFSC MCBL0960027 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with GS Mahanagar Cooperative Bank Limited Mumbai at the PANVEL location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For GS Mahanagar Cooperative Bank Limited Mumbai's PANVEL branch, the IFSC MCBL0960027 breaks down as follows: MCBL identifies the bank, 0 is the reserved character, and 960027 identifies this particular branch.

Branch details at a glance

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 Panvel branch in Panvel, Maharashtra is part of this network and uses the IFSC code MCBL0960027 for all electronic settlement.

About this branch

The branch is located at BANTHIYA HOUSE, SHOP NO. 1,2, HOME NO. 903. M. G. ROAD, PANVEL, DIST. RAIGAD.. It serves the Panvel region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of GS Mahanagar Cooperative Bank Limited Mumbai. The IFSC MCBL0960027 is used to identify this branch on the RBI payments network.

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 PANVEL of GS Mahanagar Cooperative Bank Limited Mumbai — its own 11-character IFSC. The code MCBL0960027 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 MCBL0960027 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC MCBL0960027

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 MCBL0960027 across all three.

How to use IFSC MCBL0960027 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to GS Mahanagar Cooperative Bank Limited Mumbai's PANVEL branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC MCBL0960027.
4. Confirm the bank name auto-populates as GS Mahanagar Cooperative Bank Limited Mumbai and the branch as PANVEL.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to PANVEL

If you need to transfer ₹2 lakh or more in one go to an account at GS Mahanagar Cooperative Bank Limited Mumbai's PANVEL branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MCBL0960027 while initiating the transfer and the credit will appear within minutes.

IMPS to GS Mahanagar Cooperative Bank Limited Mumbai PANVEL (IFSC MCBL0960027)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MCBL0960027 in your mobile or internet banking app, and the money is credited to the PANVEL branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Panvel

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC MCBL0960027:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at PANVEL is still linked to IFSC MCBL0960027.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at GS Mahanagar Cooperative Bank Limited Mumbai's PANVEL branch, the IFSC MCBL0960027 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Panvel branch

Once you have an account at GS Mahanagar Cooperative Bank Limited Mumbai – PANVEL, the IFSC MCBL0960027 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.

Banking services available

The Panvel branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-27467387.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC MCBL0960027

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by GS Mahanagar Cooperative Bank Limited Mumbai carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC MCBL0960027 and the account number together uniquely identify the Panvel branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC MCBL0960027

GS Mahanagar Cooperative Bank Limited Mumbai customers can register for net banking and the bank's official mobile app once their account at the PANVEL branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC MCBL0960027 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

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 – PANVEL:

• The IFSC is exactly MCBL0960027 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 PANVEL 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.

Reaching the branch

The Panvel branch sits at BANTHIYA HOUSE, SHOP NO. 1,2, HOME NO. 903. M. G. ROAD, PANVEL, DIST. RAIGAD.. If you are travelling from outside Panvel, search for the branch on a maps application using the bank name and locality, or call 22-27467387 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC MCBL0960027 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MCBL0960027 for GS Mahanagar Cooperative Bank Limited Mumbai – PANVEL, 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 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 Panvel branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MCBL0960027, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: MCBL0960027 is the IFSC code of GS Mahanagar Cooperative Bank Limited Mumbai, PANVEL branch, in PANVEL, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.