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

Use this page as a one-stop reference for everything related to GS Mahanagar Cooperative Bank Limited Mumbai's BHOSARI branch in PUNE, MAHARASHTRA. The branch's IFSC code MCBL0960064 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

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 BHOSARI branch, the IFSC MCBL0960064 breaks down as follows: MCBL identifies the bank, 0 is the reserved character, and 960064 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 Bhosari branch in Pune, Maharashtra is part of this network and uses the IFSC code MCBL0960064 for all electronic settlement.

About this branch

The branch is located at GROUND FLOOR, S.NO.201-5A, MILKAT NUMBER 59-4-353, JAI MAHARASHTRA CHOWK, ALANDI ROAD, BHOSARI, PUNE - 411039. It serves the Pune 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 MCBL0960064 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 BHOSARI of GS Mahanagar Cooperative Bank Limited Mumbai — its own 11-character IFSC. The code MCBL0960064 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 MCBL0960064 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 MCBL0960064

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 MCBL0960064 across all three.

NEFT to GS Mahanagar Cooperative Bank Limited Mumbai, BHOSARI using IFSC MCBL0960064

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 MCBL0960064, and confirm that the system picks up GS Mahanagar Cooperative Bank Limited Mumbai – BHOSARI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to BHOSARI

If you need to transfer ₹2 lakh or more in one go to an account at GS Mahanagar Cooperative Bank Limited Mumbai's BHOSARI branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MCBL0960064 while initiating the transfer and the credit will appear within minutes.

IMPS to GS Mahanagar Cooperative Bank Limited Mumbai BHOSARI (IFSC MCBL0960064)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MCBL0960064 in your mobile or internet banking app, and the money is credited to the BHOSARI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Bhosari

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 MCBL0960064:

• 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 BHOSARI is still linked to IFSC MCBL0960064.

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 BHOSARI branch, the IFSC MCBL0960064 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.

Products and account variants supported

Every account opened at the Bhosari branch is mapped to IFSC MCBL0960064 on the RBI payments network. The branch generally supports the full retail product catalogue of GS Mahanagar Cooperative Bank Limited Mumbai, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains MCBL0960064.

Banking services available

The Bhosari branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 20-27110088.

• 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 MCBL0960064

MICR & cheque-truncation details

Cheques drawn on the Bhosari branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MCBL0960064 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Bhosari 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 MCBL0960064 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.

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 – BHOSARI:

• The IFSC is exactly MCBL0960064 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 BHOSARI 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.

How to reach the Bhosari branch

The branch is located at GROUND FLOOR, S.NO.201-5A, MILKAT NUMBER 59-4-353, JAI MAHARASHTRA CHOWK, ALANDI ROAD, BHOSARI, PUNE - 411039, which puts it inside Pune, the broader Pune 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 Bhosari branch” — the verified location pin for IFSC MCBL0960064 should appear at the top of the results.
2. Confirm the branch is open by calling 20-27110088 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 MCBL0960064 and your account number.

Verifying IFSC MCBL0960064 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm MCBL0960064 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 20-27110088.
• Visiting the bank's official branch locator page.

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 Bhosari branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MCBL0960064, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MCBL0960064 belongs to GS Mahanagar Cooperative Bank Limited Mumbai's BHOSARI branch, located at GROUND FLOOR, S.NO.201-5A, MILKAT NUMBER 59-4-353, JAI MAHARASHTRA CHOWK,… in PUNE, 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.