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

This page lists the IFSC code, branch address, contact number and fund-transfer information for Model Co-operative Bank Ltd, MIRA ROAD branch in THANE. The 11-digit IFSC MDBK0000017 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Model Co-operative Bank Ltd at the MIRA ROAD location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

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, MDBK0000017 is the IFSC of Model Co-operative Bank Ltd's MIRA ROAD branch. The format is fixed: MDBK = bank code, 0 = reserved, 000017 = branch identifier.

Branch details at a glance

Bank profile

Model Co-operative Bank Ltd is among the recognised banks listed on the Reserve Bank of India's payments network. The Mira Road branch — IFSC MDBK0000017 — extends the bank's services to customers in and around Thane, Maharashtra.

About this branch

The branch is located at 001/101,GIRDHAR SHANTI NAGAR CHS LTD.BLDG A-11,SECTOR-5 SHANTI NAGAR,THANE 401107. It serves the Thane 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 MDBK0000017 is used to identify this branch on the RBI payments network.

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 MIRA ROAD branch came to be assigned the code MDBK0000017.

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 MDBK0000017, money simply cannot be routed to the MIRA ROAD branch electronically.

How to transfer money using IFSC MDBK0000017

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 MDBK0000017 across all three.

How to use IFSC MDBK0000017 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 MIRA ROAD 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 MDBK0000017.
4. Confirm the bank name auto-populates as Model Co-operative Bank Ltd and the branch as MIRA ROAD.
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 MDBK0000017

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 – MIRA ROAD, ensure your bank's portal accepts IFSC MDBK0000017 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Model Co-operative Bank Ltd MIRA ROAD (IFSC MDBK0000017)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDBK0000017 in your mobile or internet banking app, and the money is credited to the MIRA ROAD branch account within seconds.

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

All three modes accept the IFSC MDBK0000017 for Model Co-operative Bank Ltd – MIRA ROAD, 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 Mira Road 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 MDBK0000017

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 – MIRA ROAD is still mapped to IFSC MDBK0000017. 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 MDBK0000017 and the beneficiary's account number to complete the transfer.

Account types you can open at the Mira Road branch

Once you have an account at Model Co-operative Bank Ltd – MIRA ROAD, the IFSC MDBK0000017 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 Mira Road 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 MDBK0000017

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 MDBK0000017 and the account number together uniquely identify the Mira Road branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Mira Road 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 MDBK0000017 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.

Common mistakes to avoid when using IFSC MDBK0000017

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 – MIRA ROAD, 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: MDBK0000017.
• 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.

How to reach the Mira Road branch

The branch is located at 001/101,GIRDHAR SHANTI NAGAR CHS LTD.BLDG A-11,SECTOR-5 SHANTI NAGAR,THANE 401107, which puts it inside Thane, 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 Mira Road branch” — the verified location pin for IFSC MDBK0000017 should appear at the top of the results.
2. Confirm the branch is open by calling 22-25341550 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 MDBK0000017 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MDBK0000017 for Model Co-operative Bank Ltd – MIRA ROAD, 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.

Working hours

Branch counters at Mira Road 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 MDBK0000017 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MDBK0000017 belongs to Model Co-operative Bank Ltd's MIRA ROAD branch, located at 001/101,GIRDHAR SHANTI NAGAR CHS LTD.BLDG A-11,SECTOR-5 SHANTI NAGAR,THANE… in THANE, 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.