Use this page as a one-stop reference for everything related to The Mumbai District Central Cooperative Bank Limited's COTTON GREEN branch in MUMBAI, MAHARASHTRA. The branch's IFSC code MDCB0680038 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.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For The Mumbai District Central Cooperative Bank Limited's COTTON GREEN branch, the IFSC MDCB0680038 breaks down as follows: MDCB identifies the bank, 0 is the reserved character, and 680038 identifies this particular branch.
About the bank
The Mumbai District Central Cooperative Bank Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Cotton Green branch in Mumbai, Maharashtra is part of this network and uses the IFSC code MDCB0680038 for all electronic settlement.
Branch details at a glance
| Bank Name | The Mumbai District Central Cooperative Bank Limited |
|---|---|
| Branch | Cotton Green |
| IFSC Code | MDCB0680038 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHOP NO.1 & 2, MOHANKHEDA HIGHTS, RAMBHAU BHOGALE MARG,GHODAPDEO, MUMBAI 400 033. |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 8976754238 |
Cotton Green branch overview
Located at SHOP NO.1 & 2, MOHANKHEDA HIGHTS, RAMBHAU BHOGALE MARG,GHODAPDEO, MUMBAI 400 033., the Cotton Green branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC MDCB0680038 is required for all interbank electronic transfers routed through this branch.
Why every The Mumbai District Central Cooperative Bank Limited 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 COTTON GREEN of The Mumbai District Central Cooperative Bank Limited — its own 11-character IFSC. The code MDCB0680038 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 MDCB0680038 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Cotton Green branch is mapped to IFSC MDCB0680038 on the RBI payments network. The branch generally supports the full retail product catalogue of The Mumbai District Central Cooperative Bank Limited, 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 MDCB0680038.
Banking services available
The Cotton Green branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-8976754238.
- 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 MDCB0680038
How to transfer money using IFSC MDCB0680038
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 MDCB0680038 across all three.
NEFT to The Mumbai District Central Cooperative Bank Limited, COTTON GREEN using IFSC MDCB0680038
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 MDCB0680038, and confirm that the system picks up The Mumbai District Central Cooperative Bank Limited – COTTON GREEN. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC MDCB0680038
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 Mumbai District Central Cooperative Bank Limited – COTTON GREEN, ensure your bank's portal accepts IFSC MDCB0680038 while registering the beneficiary. RTGS is also available 24x7.
Send money instantly through IMPS
For a real-time, anytime transfer to The Mumbai District Central Cooperative Bank Limited – COTTON GREEN, use IMPS. With IFSC MDCB0680038 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 Cotton Green
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 MDCB0680038:
- 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 COTTON GREEN is still linked to IFSC MDCB0680038.
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 MDCB0680038
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 Mumbai District Central Cooperative Bank Limited – COTTON GREEN is still mapped to IFSC MDCB0680038. 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 MDCB0680038 and the beneficiary's account number to complete the transfer.
Online banking and IFSC MDCB0680038
The Mumbai District Central Cooperative Bank Limited customers can register for net banking and the bank's official mobile app once their account at the COTTON GREEN 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 MDCB0680038 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.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by The Mumbai District Central Cooperative Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC MDCB0680038 and the account number together uniquely identify the Cotton Green branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC MDCB0680038
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 The Mumbai District Central Cooperative Bank Limited – COTTON GREEN, 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:
MDCB0680038. - 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 Cotton Green branch
The branch is located at SHOP NO.1 & 2, MOHANKHEDA HIGHTS, RAMBHAU BHOGALE MARG,GHODAPDEO, MUMBAI 400 033., which puts it inside Mumbai, the broader Mumbai district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “The Mumbai District Central Cooperative Bank Limited Cotton Green branch” — the verified location pin for IFSC MDCB0680038 should appear at the top of the results.
- Confirm the branch is open by calling 22-8976754238 before stepping out, especially around public holidays.
- 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 MDCB0680038 and your account number.
Verifying IFSC MDCB0680038 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 MDCB0680038 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 22-8976754238.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Cotton Green 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 MDCB0680038 continue to work without interruption.
Branch address & contact
The Mumbai District Central Cooperative Bank LimitedCotton Green Branch
SHOP NO.1 & 2, MOHANKHEDA HIGHTS, RAMBHAU BHOGALE MARG,GHODAPDEO, MUMBAI 400 033.
Mumbai, Maharashtra
Phone: 22-8976754238
IFSC: MDCB0680038
Frequently asked questions
How do I add The Mumbai District Central Cooperative Bank Limited Cotton Green as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC MDCB0680038, and complete OTP verification. Once activated, you can transfer funds at any time.
Can I use IFSC MDCB0680038 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC MDCB0680038 to send funds instantly.
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 Cotton Green branch but serve different purposes.
What is the phone number of The Mumbai District Central Cooperative Bank Limited Cotton Green branch?
You can reach the branch at 22-8976754238 during regular banking hours.
How quickly will an NEFT transfer using MDCB0680038 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to The Mumbai District Central Cooperative Bank Limited – Cotton Green reflect within 30 minutes.
Is IFSC MDCB0680038 valid for NEFT and RTGS?
Yes. IFSC MDCB0680038 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Final notes
To recap: MDCB0680038 is the IFSC code of The Mumbai District Central Cooperative Bank Limited, COTTON GREEN 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.
More Articles for IFSC Code
IFSC Code of Zila Sahakri Bank Limited Ghaziabad, Loni Branch, Uttar Pradesh
