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

If you are searching for the IFSC code of GS Mahanagar Cooperative Bank Limited Mumbai, SAVARKAR NAGAR branch in THANE, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MCBL0960022. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the SAVARKAR NAGAR branch, and detailed step-by-step guides for using the IFSC MCBL0960022 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, MCBL0960022 is the IFSC of GS Mahanagar Cooperative Bank Limited Mumbai's SAVARKAR NAGAR branch. The format is fixed: MCBL = bank code, 0 = reserved, 960022 = branch identifier.

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 Savarkar Nagar branch in Thane, Maharashtra is part of this network and uses the IFSC code MCBL0960022 for all electronic settlement.

Branch details at a glance

Savarkar Nagar branch overview

Located at BHARAT RATNA SHRIMATI INDIRA GANDHI VIDYAMANDIR, VEER SAVARKAR NAGAR,THANE -400606, the Savarkar Nagar branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MCBL0960022 is required for all interbank electronic transfers routed through this branch.

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 SAVARKAR NAGAR of GS Mahanagar Cooperative Bank Limited Mumbai — its own 11-character IFSC. The code MCBL0960022 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 MCBL0960022 the same way you would treat your account number — verify it once and save it carefully for future use.

Account types you can open at the Savarkar Nagar branch

Once you have an account at GS Mahanagar Cooperative Bank Limited Mumbai – SAVARKAR NAGAR, the IFSC MCBL0960022 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 Savarkar Nagar branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-25802012.

• 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 MCBL0960022

How to transfer money using IFSC MCBL0960022

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 MCBL0960022 across all three.

How to use IFSC MCBL0960022 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 SAVARKAR NAGAR 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 MCBL0960022.
4. Confirm the bank name auto-populates as GS Mahanagar Cooperative Bank Limited Mumbai and the branch as SAVARKAR NAGAR.
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 SAVARKAR NAGAR

If you need to transfer ₹2 lakh or more in one go to an account at GS Mahanagar Cooperative Bank Limited Mumbai's SAVARKAR NAGAR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MCBL0960022 while initiating the transfer and the credit will appear within minutes.

IMPS to GS Mahanagar Cooperative Bank Limited Mumbai SAVARKAR NAGAR (IFSC MCBL0960022)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MCBL0960022 in your mobile or internet banking app, and the money is credited to the SAVARKAR NAGAR branch account within seconds.

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

All three modes accept the IFSC MCBL0960022 for GS Mahanagar Cooperative Bank Limited Mumbai – SAVARKAR NAGAR, 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 Savarkar Nagar 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.

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 SAVARKAR NAGAR branch, the IFSC MCBL0960022 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.

Digital banking channels

Most day-to-day work that customers used to do at the Savarkar Nagar 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 MCBL0960022 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.

MICR & cheque-truncation details

Cheques drawn on the Savarkar Nagar branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MCBL0960022 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

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 – SAVARKAR NAGAR:

• The IFSC is exactly MCBL0960022 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 SAVARKAR NAGAR 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 Savarkar Nagar branch sits at BHARAT RATNA SHRIMATI INDIRA GANDHI VIDYAMANDIR, VEER SAVARKAR NAGAR,THANE -400606. If you are travelling from outside Thane, search for the branch on a maps application using the bank name and locality, or call 22-25802012 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 MCBL0960022 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MCBL0960022 for GS Mahanagar Cooperative Bank Limited Mumbai – SAVARKAR NAGAR, 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.

Working hours

Branch counters at Savarkar Nagar are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to MCBL0960022 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: MCBL0960022 is the IFSC code of GS Mahanagar Cooperative Bank Limited Mumbai, SAVARKAR NAGAR branch, in THANE, 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.