IFSC Code of Model Co-operative Bank Ltd, Goregaon Branch, Maharashtra

Use this page as a one-stop reference for everything related to Model Co-operative Bank Ltd's GOREGAON branch in MUMBAI, MAHARASHTRA. The branch's IFSC code MDBK0000034 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.

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, MDBK0000034 is the IFSC of Model Co-operative Bank Ltd's GOREGAON branch. The format is fixed: MDBK = bank code, 0 = reserved, 000034 = branch identifier.

About Model Co-operative Bank Ltd

Model Co-operative Bank Ltd operates a wide network of branches across India, including the Goregaon branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, MDBK0000034.

Branch details at a glance

About this branch

The branch is located at SHOP NO.3,EKVEERA PRASAD,PLOT NO.75,M.G.ROAD,GOREGAON WEST,MUMBAI. It serves the Mumbai region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Model Co-operative Bank Ltd. The IFSC MDBK0000034 is used to identify this branch on the RBI payments network.

Why every Model Co-operative Bank Ltd 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 GOREGAON of Model Co-operative Bank Ltd — its own 11-character IFSC. The code MDBK0000034 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 MDBK0000034 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 Goregaon branch

Once you have an account at Model Co-operative Bank Ltd – GOREGAON, the IFSC MDBK0000034 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 Goregaon branch can access most of Model Co-operative Bank Ltd'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 MDBK0000034

How to transfer money using IFSC MDBK0000034

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 MDBK0000034 across all three.

How to use IFSC MDBK0000034 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Model Co-operative Bank Ltd's GOREGAON 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 MDBK0000034.
4. Confirm the bank name auto-populates as Model Co-operative Bank Ltd and the branch as GOREGAON.
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 GOREGAON

If you need to transfer ₹2 lakh or more in one go to an account at Model Co-operative Bank Ltd's GOREGAON branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MDBK0000034 while initiating the transfer and the credit will appear within minutes.

IMPS to Model Co-operative Bank Ltd GOREGAON (IFSC MDBK0000034)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDBK0000034 in your mobile or internet banking app, and the money is credited to the GOREGAON branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Goregaon

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 MDBK0000034:

• 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 GOREGAON is still linked to IFSC MDBK0000034.

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 Model Co-operative Bank Ltd's GOREGAON branch, the IFSC MDBK0000034 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 Goregaon 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 MDBK0000034 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 code & cheque clearing

Apart from IFSC, every cheque book issued by Model Co-operative Bank Ltd carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC MDBK0000034 and the account number together uniquely identify the Goregaon branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

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 Model Co-operative Bank Ltd – GOREGAON:

• The IFSC is exactly MDBK0000034 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Model Co-operative Bank Ltd as the bank name and GOREGAON 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 Goregaon branch

The branch is located at SHOP NO.3,EKVEERA PRASAD,PLOT NO.75,M.G.ROAD,GOREGAON WEST,MUMBAI, which puts it inside Mumbai, the broader Mumbai district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Model Co-operative Bank Ltd Goregaon branch” — the verified location pin for IFSC MDBK0000034 should appear at the top of the results.
2. Confirm the branch is open by calling 22-28770034 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 MDBK0000034 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MDBK0000034 for Model Co-operative Bank Ltd – GOREGAON, 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 Goregaon branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MDBK0000034, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: MDBK0000034 is the IFSC code of Model Co-operative Bank Ltd, GOREGAON branch, in MUMBAI, 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.