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

Use this page as a one-stop reference for everything related to Model Co-operative Bank Ltd's VASAI WEST branch in PALGHAR, MAHARASHTRA. The branch's IFSC code MDBK0000028 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 – VASAI WEST is MDBK0000028. The first four letters MDBK are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000028 map to this branch in PALGHAR, 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 Vasai West branch in Palghar, Maharashtra is part of this network and uses the IFSC code MDBK0000028 for all electronic settlement.

Vasai West branch overview

Located at LTNO/037B/04,CSSII,CSSICHS.OPPGRCICHURCH,VSIWEST,PLGHR, the Vasai West branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MDBK0000028 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Model Co-operative Bank Ltd's VASAI WEST branch came to be assigned the code MDBK0000028.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC MDBK0000028, money simply cannot be routed to the VASAI WEST branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Vasai West branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MDBK0000028 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 MDBK0000028

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 MDBK0000028 across all three.

How to use IFSC MDBK0000028 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 VASAI WEST 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 MDBK0000028.
4. Confirm the bank name auto-populates as Model Co-operative Bank Ltd and the branch as VASAI WEST.
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 MDBK0000028

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 – VASAI WEST, ensure your bank's portal accepts IFSC MDBK0000028 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Model Co-operative Bank Ltd VASAI WEST (IFSC MDBK0000028)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDBK0000028 in your mobile or internet banking app, and the money is credited to the VASAI WEST branch account within seconds.

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

All three modes accept the IFSC MDBK0000028 for Model Co-operative Bank Ltd – VASAI WEST, 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 Vasai West 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 MDBK0000028

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 – VASAI WEST is still mapped to IFSC MDBK0000028. 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 MDBK0000028 and the beneficiary's account number to complete the transfer.

Account types you can open at the Vasai West branch

Once you have an account at Model Co-operative Bank Ltd – VASAI WEST, the IFSC MDBK0000028 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 Vasai West 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 MDBK0000028

Digital banking channels

Most day-to-day work that customers used to do at the Vasai West 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 MDBK0000028 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 Vasai West branch sits at LTNO/037B/04,CSSII,CSSICHS.OPPGRCICHURCH,VSIWEST,PLGHR. If you are travelling from outside Palghar, search for the branch on a maps application using the bank name and locality, or call 250-2383998 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 MDBK0000028 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 – VASAI WEST:

• The IFSC is exactly MDBK0000028 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 VASAI WEST 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.

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 Vasai West branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MDBK0000028, however, work 24x7.

Verifying IFSC MDBK0000028 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 MDBK0000028 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 250-2383998.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: MDBK0000028 is the IFSC code of Model Co-operative Bank Ltd, VASAI WEST branch, in PALGHAR, 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.