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

If you are searching for the IFSC code of Model Co-operative Bank Ltd, SAKINAKA branch in MUMBAI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MDBK0000035. 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 SAKINAKA branch, and detailed step-by-step guides for using the IFSC MDBK0000035 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.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Model Co-operative Bank Ltd – SAKINAKA is MDBK0000035. The first four letters MDBK are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000035 map to this branch in MUMBAI, MAHARASHTRA.

About the bank

Model Co-operative Bank Ltd serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Sakinaka branch in Mumbai, Maharashtra is part of this network and uses the IFSC code MDBK0000035 for all electronic settlement.

Sakinaka branch overview

Located at CRESENT BUSINESS SQUARE,SHOP NO 8,KHERANI ROAD,SAKINAKA,ANDHERI EAST, the Sakinaka branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MDBK0000035 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

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 SAKINAKA of Model Co-operative Bank Ltd — its own 11-character IFSC. The code MDBK0000035 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 MDBK0000035 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Sakinaka branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MDBK0000035 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC MDBK0000035

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 MDBK0000035 across all three.

NEFT to Model Co-operative Bank Ltd, SAKINAKA using IFSC MDBK0000035

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 MDBK0000035, and confirm that the system picks up Model Co-operative Bank Ltd – SAKINAKA. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to SAKINAKA

If you need to transfer ₹2 lakh or more in one go to an account at Model Co-operative Bank Ltd's SAKINAKA branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MDBK0000035 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Model Co-operative Bank Ltd – SAKINAKA, use IMPS. With IFSC MDBK0000035 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Sakinaka

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 MDBK0000035:

• 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 SAKINAKA is still linked to IFSC MDBK0000035.

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.

UPI payments and IFSC MDBK0000035

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 – SAKINAKA is still mapped to IFSC MDBK0000035. 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 MDBK0000035 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Sakinaka branch is mapped to IFSC MDBK0000035 on the RBI payments network. The branch generally supports the full retail product catalogue of Model Co-operative Bank Ltd, 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 MDBK0000035.

Products and services

Customers walking into the Sakinaka 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 MDBK0000035

Digital banking channels

Most day-to-day work that customers used to do at the Sakinaka 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 MDBK0000035 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.

Reaching the branch

The Sakinaka branch sits at CRESENT BUSINESS SQUARE,SHOP NO 8,KHERANI ROAD,SAKINAKA,ANDHERI EAST. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-28501018 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 MDBK0000035 and your account number.

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 – SAKINAKA:

• The IFSC is exactly MDBK0000035 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 SAKINAKA 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.

Working hours

Branch counters at Sakinaka 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 MDBK0000035 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MDBK0000035 for Model Co-operative Bank Ltd – SAKINAKA, 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 address & contact

Frequently asked questions

Final notes

To recap: MDBK0000035 is the IFSC code of Model Co-operative Bank Ltd, SAKINAKA 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.