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

Use this page as a one-stop reference for everything related to Model Co-operative Bank Ltd's VIKHROLI branch in MUMBAI, MAHARASHTRA. The branch's IFSC code MDBK0000032 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.

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 – VIKHROLI is MDBK0000032. The first four letters MDBK are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000032 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 Vikhroli branch in Mumbai, Maharashtra is part of this network and uses the IFSC code MDBK0000032 for all electronic settlement.

Vikhroli branch overview

Located at SHOP NO.4,J.K.TOWER,STATION ROAD,VIKHROLI EAST, the Vikhroli branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MDBK0000032 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 VIKHROLI of Model Co-operative Bank Ltd — its own 11-character IFSC. The code MDBK0000032 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 MDBK0000032 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 Vikhroli branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MDBK0000032 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 MDBK0000032

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 MDBK0000032 across all three.

How to use IFSC MDBK0000032 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 VIKHROLI 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 MDBK0000032.
4. Confirm the bank name auto-populates as Model Co-operative Bank Ltd and the branch as VIKHROLI.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC MDBK0000032

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 – VIKHROLI, ensure your bank's portal accepts IFSC MDBK0000032 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Model Co-operative Bank Ltd VIKHROLI (IFSC MDBK0000032)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDBK0000032 in your mobile or internet banking app, and the money is credited to the VIKHROLI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Vikhroli

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 MDBK0000032:

• 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 VIKHROLI is still linked to IFSC MDBK0000032.

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 VIKHROLI branch, the IFSC MDBK0000032 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 Vikhroli branch is mapped to IFSC MDBK0000032 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 MDBK0000032.

Products and services

Customers walking into the Vikhroli 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 MDBK0000032

Online banking and IFSC MDBK0000032

Model Co-operative Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the VIKHROLI 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 MDBK0000032 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 Vikhroli branch sits at SHOP NO.4,J.K.TOWER,STATION ROAD,VIKHROLI EAST. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-20851681 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 MDBK0000032 and your account number.

Common mistakes to avoid when using IFSC MDBK0000032

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 – VIKHROLI, 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: MDBK0000032.
• 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 Vikhroli 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 MDBK0000032 continue to work without interruption.

Verifying IFSC MDBK0000032 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 MDBK0000032 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-20851681.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: MDBK0000032 is the IFSC code of Model Co-operative Bank Ltd, VIKHROLI 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.