IFSC Code of The Mumbai District Central Cooperative Bank Limited, Parel Village Branch, Maharashtra

Use this page as a one-stop reference for everything related to The Mumbai District Central Cooperative Bank Limited's PAREL VILLAGE branch in MUMBAI, MAHARASHTRA. The branch's IFSC code MDCB0680034 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, MDCB0680034 is the IFSC of The Mumbai District Central Cooperative Bank Limited's PAREL VILLAGE branch. The format is fixed: MDCB = bank code, 0 = reserved, 680034 = branch identifier.

Branch details at a glance

About The Mumbai District Central Cooperative Bank Limited

The Mumbai District Central Cooperative Bank Limited operates a wide network of branches across India, including the Parel Village branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, MDCB0680034.

About the Parel Village branch

The Parel Village branch of The Mumbai District Central Cooperative Bank Limited is situated at ASHTAVINAYAK BUILDING, GROUND FLOOR, G. D. AMBEKAR ROAD,NEAR HAFKIN & R.M.M.S.,PAREL VILLAGE,MUMBAI - 400 012.. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code MDCB0680034 is used.

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 PAREL VILLAGE of The Mumbai District Central Cooperative Bank Limited — its own 11-character IFSC. The code MDCB0680034 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 MDCB0680034 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC MDCB0680034

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 MDCB0680034 across all three.

How to use IFSC MDCB0680034 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Mumbai District Central Cooperative Bank Limited's PAREL VILLAGE 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 MDCB0680034.
4. Confirm the bank name auto-populates as The Mumbai District Central Cooperative Bank Limited and the branch as PAREL VILLAGE.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to PAREL VILLAGE

If you need to transfer ₹2 lakh or more in one go to an account at The Mumbai District Central Cooperative Bank Limited's PAREL VILLAGE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC MDCB0680034 while initiating the transfer and the credit will appear within minutes.

IMPS to The Mumbai District Central Cooperative Bank Limited PAREL VILLAGE (IFSC MDCB0680034)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC MDCB0680034 in your mobile or internet banking app, and the money is credited to the PAREL VILLAGE branch account within seconds.

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

All three modes accept the IFSC MDCB0680034 for The Mumbai District Central Cooperative Bank Limited – PAREL VILLAGE, 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 Parel Village 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 MDCB0680034

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 – PAREL VILLAGE is still mapped to IFSC MDCB0680034. 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 MDCB0680034 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Parel Village branch is mapped to IFSC MDCB0680034 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 MDCB0680034.

Banking services available

The Parel Village branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-8976754234.

• 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 MDCB0680034

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 MDCB0680034 and the account number together uniquely identify the Parel Village branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Online banking and IFSC MDCB0680034

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 PAREL VILLAGE 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 MDCB0680034 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.

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 Mumbai District Central Cooperative Bank Limited – PAREL VILLAGE:

• The IFSC is exactly MDCB0680034 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Mumbai District Central Cooperative Bank Limited as the bank name and PAREL VILLAGE 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.

How to reach the Parel Village branch

The branch is located at ASHTAVINAYAK BUILDING, GROUND FLOOR, G. D. AMBEKAR ROAD,NEAR HAFKIN & R.M.M.S.,PAREL VILLAGE,MUMBAI - 400 012., which puts it inside Mumbai, the broader Mumbai district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “The Mumbai District Central Cooperative Bank Limited Parel Village branch” — the verified location pin for IFSC MDCB0680034 should appear at the top of the results.
2. Confirm the branch is open by calling 22-8976754234 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 MDCB0680034 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC MDCB0680034 for The Mumbai District Central Cooperative Bank Limited – PAREL VILLAGE, 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 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 Parel Village branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC MDCB0680034, however, work 24x7.

Branch address & contact

Frequently asked questions

Summary

The IFSC code MDCB0680034 belongs to The Mumbai District Central Cooperative Bank Limited's PAREL VILLAGE branch, located at ASHTAVINAYAK BUILDING, GROUND FLOOR, G. D. AMBEKAR ROAD,NEAR HAFKIN &… in MUMBAI, 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.