Below are the complete branch details for Model Co-operative Bank Ltd, MALAD branch, located in MUMBAI, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is MDBK0000016. 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 MDBK0000016 for Model Co-operative Bank Ltd – MALAD — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, MDBK0000016 is the IFSC of Model Co-operative Bank Ltd's MALAD branch. The format is fixed: MDBK = bank code, 0 = reserved, 000016 = branch identifier.
Bank profile
Model Co-operative Bank Ltd is among the recognised banks listed on the Reserve Bank of India's payments network. The Malad branch — IFSC MDBK0000016 — extends the bank's services to customers in and around Mumbai, Maharashtra.
About this branch
The branch is located at CASA ANGELICA BLDG.DOMINIC COLONY,TANK ROAD,ORLEM,MALAD WEST,MUMBAI 400064. 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 MDBK0000016 is used to identify this branch on the RBI payments network.
Branch details at a glance
| Bank Name | Model Co-operative Bank Ltd |
|---|---|
| Branch | Malad |
| IFSC Code | MDBK0000016 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CASA ANGELICA BLDG.DOMINIC COLONY,TANK ROAD,ORLEM,MALAD WEST,MUMBAI 400064 |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 28617056 |
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 MALAD of Model Co-operative Bank Ltd — its own 11-character IFSC. The code MDBK0000016 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 MDBK0000016 the same way you would treat your account number — verify it once and save it carefully for future use.
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 MDBK0000016 and the account number together uniquely identify the Malad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
How to transfer money using IFSC MDBK0000016
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 MDBK0000016 across all three.
How to use IFSC MDBK0000016 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 MALAD 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC MDBK0000016.
- Confirm the bank name auto-populates as Model Co-operative Bank Ltd and the branch as MALAD.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC MDBK0000016
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 Model Co-operative Bank Ltd – MALAD, ensure your bank's portal accepts IFSC MDBK0000016 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Model Co-operative Bank Ltd MALAD (IFSC MDBK0000016)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDBK0000016 in your mobile or internet banking app, and the money is credited to the MALAD branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC MDBK0000016 for Model Co-operative Bank Ltd – MALAD, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – MDBK0000016 | Yes – MDBK0000016 | Yes – MDBK0000016 |
For most retail customers crediting the Malad 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 MDBK0000016
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 Model Co-operative Bank Ltd – MALAD is still mapped to IFSC MDBK0000016. 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 MDBK0000016 and the beneficiary's account number to complete the transfer.
Account types you can open at the Malad branch
Once you have an account at Model Co-operative Bank Ltd – MALAD, the IFSC MDBK0000016 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 Malad branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-28617056.
- 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 MDBK0000016
Online banking and IFSC MDBK0000016
Model Co-operative Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the MALAD 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 MDBK0000016 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.
Reaching the branch
The Malad branch sits at CASA ANGELICA BLDG.DOMINIC COLONY,TANK ROAD,ORLEM,MALAD WEST,MUMBAI 400064. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-28617056 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 MDBK0000016 and your account number.
Common mistakes to avoid when using IFSC MDBK0000016
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Model Co-operative Bank Ltd – MALAD, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
MDBK0000016. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
Working hours
Branch counters at Malad 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 MDBK0000016 continue to work without interruption.
Verifying IFSC MDBK0000016 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 MDBK0000016 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-28617056.
- Visiting the bank's official branch locator page.
Branch address & contact
Model Co-operative Bank LtdMalad Branch
CASA ANGELICA BLDG.DOMINIC COLONY,TANK ROAD,ORLEM,MALAD WEST,MUMBAI 400064
Mumbai, Maharashtra
Phone: 22-28617056
IFSC: MDBK0000016
Frequently asked questions
Does Model Co-operative Bank Ltd Malad branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-28617056 to confirm.
Can I use IFSC MDBK0000016 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MDBK0000016 to send funds instantly.
How do I add Model Co-operative Bank Ltd Malad as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MDBK0000016, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Malad branch but serve different purposes.
What is the phone number of Model Co-operative Bank Ltd Malad branch?
You can reach the branch at 22-28617056 during regular banking hours.
How quickly will an NEFT transfer using MDBK0000016 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Model Co-operative Bank Ltd – Malad reflect within 30 minutes.
What is the IFSC code of Model Co-operative Bank Ltd Malad branch?
The IFSC code of Model Co-operative Bank Ltd, Malad branch is MDBK0000016. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code MDBK0000016 belongs to Model Co-operative Bank Ltd's MALAD branch, located at CASA ANGELICA BLDG.DOMINIC COLONY,TANK ROAD,ORLEM,MALAD WEST,MUMBAI 400064 in MUMBAI, 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.
