Use this page as a one-stop reference for everything related to The Meghalaya Co-operative Apex Bank Ltd's SMIT branch in SMIT, MEGHALAYA. The branch's IFSC code MCAB0000021 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.
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, MCAB0000021 is the IFSC of The Meghalaya Co-operative Apex Bank Ltd's SMIT branch. The format is fixed: MCAB = bank code, 0 = reserved, 000021 = branch identifier.
Bank profile
The Meghalaya Co-operative Apex Bank Ltd is among the recognised banks listed on the Reserve Bank of India's payments network. The Smit branch — IFSC MCAB0000021 — extends the bank's services to customers in and around Smit, Meghalaya.
Smit branch overview
Located at SMIT, SHILLONG, EAST KHASI HILLS DIST., the Smit branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MCAB0000021 is required for all interbank electronic transfers routed through this branch.
Branch details at a glance
| Bank Name | The Meghalaya Co-operative Apex Bank Ltd |
|---|---|
| Branch | Smit |
| IFSC Code | MCAB0000021 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SMIT, SHILLONG, EAST KHASI HILLS DIST. |
| City | Smit |
| District | East Khasi Hills |
| State | Meghalaya |
| STD Code | 0 |
| Phone | 0 |
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 The Meghalaya Co-operative Apex Bank Ltd's SMIT branch came to be assigned the code MCAB0000021.
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 MCAB0000021, money simply cannot be routed to the SMIT branch electronically.
MICR & cheque-truncation details
Cheques drawn on the Smit branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC MCAB0000021 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 MCAB0000021
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 MCAB0000021 across all three.
How to use IFSC MCAB0000021 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Meghalaya Co-operative Apex Bank Ltd's SMIT 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).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC MCAB0000021.
- Confirm the bank name auto-populates as The Meghalaya Co-operative Apex Bank Ltd and the branch as SMIT.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC MCAB0000021
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 The Meghalaya Co-operative Apex Bank Ltd – SMIT, ensure your bank's portal accepts IFSC MCAB0000021 while registering the beneficiary. RTGS is also available 24x7.
IMPS to The Meghalaya Co-operative Apex Bank Ltd SMIT (IFSC MCAB0000021)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MCAB0000021 in your mobile or internet banking app, and the money is credited to the SMIT branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Smit
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 MCAB0000021:
- 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 SMIT is still linked to IFSC MCAB0000021.
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 MCAB0000021
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 The Meghalaya Co-operative Apex Bank Ltd – SMIT is still mapped to IFSC MCAB0000021. 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 MCAB0000021 and the beneficiary's account number to complete the transfer.
Account types you can open at the Smit branch
Once you have an account at The Meghalaya Co-operative Apex Bank Ltd – SMIT, the IFSC MCAB0000021 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.
Banking services available
The Smit branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 0.
- 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 MCAB0000021
Online banking and IFSC MCAB0000021
The Meghalaya Co-operative Apex Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the SMIT 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 MCAB0000021 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 Smit branch sits at SMIT, SHILLONG, EAST KHASI HILLS DIST.. If you are travelling from outside Smit, search for the branch on a maps application using the bank name and locality, or call 0 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 MCAB0000021 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 The Meghalaya Co-operative Apex Bank Ltd – SMIT:
- The IFSC is exactly MCAB0000021 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills The Meghalaya Co-operative Apex Bank Ltd as the bank name and SMIT 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 Smit branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MCAB0000021, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC MCAB0000021 for The Meghalaya Co-operative Apex Bank Ltd – SMIT, 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
The Meghalaya Co-operative Apex Bank LtdSmit Branch
SMIT, SHILLONG, EAST KHASI HILLS DIST.
Smit, Meghalaya
Phone: 0
IFSC: MCAB0000021
Frequently asked questions
How quickly will an NEFT transfer using MCAB0000021 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Meghalaya Co-operative Apex Bank Ltd – Smit reflect within 30 minutes.
Where is The Meghalaya Co-operative Apex Bank Ltd Smit branch located?
The Meghalaya Co-operative Apex Bank Ltd's Smit branch is located at SMIT, SHILLONG, EAST KHASI HILLS DIST., Smit, Meghalaya.
What is the phone number of The Meghalaya Co-operative Apex Bank Ltd Smit branch?
You can reach the branch at 0 during regular banking hours.
Does The Meghalaya Co-operative Apex Bank Ltd Smit branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 0 to confirm.
Can I use IFSC MCAB0000021 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MCAB0000021 to send funds instantly.
How do I add The Meghalaya Co-operative Apex Bank Ltd Smit as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MCAB0000021, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Smit branch but serve different purposes.
Is IFSC MCAB0000021 the same for all accounts at Smit branch?
Yes. The IFSC MCAB0000021 is shared by every account held at The Meghalaya Co-operative Apex Bank Ltd's Smit branch. Only the account number changes from customer to customer.
Summary
The IFSC code MCAB0000021 belongs to The Meghalaya Co-operative Apex Bank Ltd's SMIT branch, located at SMIT, SHILLONG, EAST KHASI HILLS DIST. in SMIT, MEGHALAYA. 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.
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