Model Co-operative Bank - MALAD
Details about the IFSC1 MDBK0000016:
Bank: Model Co-operative Bank
District/State: MUMBAI / MAHARASHTRA
City: MUMBAI
Contact: +912228617056
IFSC:1 MDBK0000016
MICR:2 400807008
1) An IFSC code (Indian Financial System Code) is a unique 11-digit alphanumeric code used to identify bank branches participating in electronic fund transfers like NEFT, RTGS, and IMPS.
2) Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.