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

If you are searching for the IFSC code of Model Co-operative Bank Ltd, VASAI EAST branch in THANE, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is MDBK0000021. 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 VASAI EAST branch, and detailed step-by-step guides for using the IFSC MDBK0000021 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.

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, MDBK0000021 is the IFSC of Model Co-operative Bank Ltd's VASAI EAST branch. The format is fixed: MDBK = bank code, 0 = reserved, 000021 = 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 Vasai East branch — IFSC MDBK0000021 — extends the bank's services to customers in and around Thane, Maharashtra.

About this branch

The branch is located at PRIME TRADE CENTRE,SATIVLI ROAD,VALIV,VASAI EAST. 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 MDBK0000021 is used to identify this branch on the RBI payments network.

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 EAST branch came to be assigned the code MDBK0000021.

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 MDBK0000021, money simply cannot be routed to the VASAI EAST branch electronically.

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 MDBK0000021 and the account number together uniquely identify the Vasai East branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC MDBK0000021

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 MDBK0000021 across all three.

NEFT to Model Co-operative Bank Ltd, VASAI EAST using IFSC MDBK0000021

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 MDBK0000021, and confirm that the system picks up Model Co-operative Bank Ltd – VASAI EAST. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC MDBK0000021

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 EAST, ensure your bank's portal accepts IFSC MDBK0000021 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Model Co-operative Bank Ltd – VASAI EAST, use IMPS. With IFSC MDBK0000021 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 Vasai East

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 MDBK0000021:

• 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 VASAI EAST is still linked to IFSC MDBK0000021.

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 VASAI EAST branch, the IFSC MDBK0000021 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 Vasai East branch is mapped to IFSC MDBK0000021 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 MDBK0000021.

Banking services available

The Vasai East branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 250-2450221.

• 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 MDBK0000021

Digital banking channels

Most day-to-day work that customers used to do at the Vasai East 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 MDBK0000021 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.

How to reach the Vasai East branch

The branch is located at PRIME TRADE CENTRE,SATIVLI ROAD,VALIV,VASAI EAST, 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 Vasai East branch” — the verified location pin for IFSC MDBK0000021 should appear at the top of the results.
2. Confirm the branch is open by calling 250-2450221 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 MDBK0000021 and your account number.

Common mistakes to avoid when using IFSC MDBK0000021

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 – VASAI EAST, 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: MDBK0000021.
• 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.

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 East branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MDBK0000021, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MDBK0000021 for Model Co-operative Bank Ltd – VASAI EAST, 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

Summary

The IFSC code MDBK0000021 belongs to Model Co-operative Bank Ltd's VASAI EAST branch, located at PRIME TRADE CENTRE,SATIVLI ROAD,VALIV,VASAI EAST 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.