Mahanagar Co-operative Bank — BHIWANDI

THANE, MAHARASHTRA

IFSC Code

MCBL0960037

MICR Code

400096037

Branch

BHIWANDI

Bank

Mahanagar Co-operative Bank

District

THANE

State

MAHARASHTRA

Contact

+912224710821

Address

SHOP NO 8 9 AND 10 GRND FLOOR ASHOK HOTEL BLDG KALYAN BHIWANDI RD DIST THANE 421302

Get Directions to This Branch

Using IFSC MCBL0960037 for money transfers

NEFT transfers to BHIWANDI, one of Mahanagar Co-operative Bank's branches in THANE, are batch-processed rather than instant. Most transfers clear within 30 minutes to a couple of hours during banking hours, and NEFT now runs 24x7 on all days including weekends.

RTGS (Real Time Gross Settlement) is built for high-value transfers — ₹2 lakh and above — and settles individually rather than in batches, so money reaches BHIWANDI almost immediately once processed, rather than waiting for the next settlement window.

IMPS is built for urgency: transfers to BHIWANDI clear in seconds rather than minutes or hours, and it works around the clock — useful outside NEFT/RTGS's usual processing windows.

NEFT & RTGS Timing — System Hours vs. Branch Hours

A distinction that matters if you're transferring to BHIWANDI: the RBI settlement system runs 24x7 for NEFT and RTGS, but that doesn't mean this specific branch is open around the clock. Online transfers process any time; in-person or cash-based requests still depend on the branch actually being open.

MethodSystem HoursIf Visiting BHIWANDI In Person
NEFT24x7x365, including weekends and holidays (RBI mandate since 16 Dec 2019)Online/net-banking NEFT processes any time. An in-branch, cash, or cheque-based NEFT request still depends on that branch's working hours.
RTGS24x7x365, including weekends and holidays (RBI mandate since 14 Dec 2020)Minimum transfer amount is ₹2 lakh. Same system-vs-branch-hours distinction as NEFT applies for in-person requests.
IMPS24x7x365 — always has been, no banking-hours restriction at the system level.Typically capped per transaction depending on your bank's own limits (often around ₹5 lakh).

Follow these steps to transfer money into an account held at BHIWANDI:

  1. Log in to your bank's net banking portal or mobile banking app.
  2. Add a new beneficiary/payee, entering the recipient's full name and account number.
  3. Enter the IFSC code MCBL0960037 when prompted — this routes the transfer to BHIWANDI specifically.
  4. Most banks require a short cooling-off period (often a few hours) after adding a new beneficiary before the first transfer.
  5. Once the beneficiary is active, choose NEFT, RTGS, or IMPS based on the amount and how quickly you need it to arrive.
  6. Enter the amount, review the details (name, account number, IFSC), and confirm with your OTP/PIN.

Frequently asked questions

What is the IFSC code of the Mahanagar Co-operative Bank BHIWANDI branch?

The IFSC code for Mahanagar Co-operative Bank's BHIWANDI branch in THANE, MAHARASHTRA is MCBL0960037. This 11-character code is required for NEFT, RTGS, and IMPS transfers to any account held at this branch.

What is the MICR code of this branch?

The MICR code for this branch is 400096037. MICR codes are used for cheque clearing, while the IFSC code (MCBL0960037) is what's needed for electronic transfers like NEFT and RTGS.

Where is the BHIWANDI branch of Mahanagar Co-operative Bank located?

This branch is located at: SHOP NO 8 9 AND 10 GRND FLOOR ASHOK HOTEL BLDG KALYAN BHIWANDI RD DIST THANE 421302. It falls under THANE district, MAHARASHTRA.

Can I use this IFSC code for both NEFT and RTGS transfers?

Yes — the same IFSC code (MCBL0960037) is used for NEFT, RTGS, and IMPS transfers to this branch. Which one you should pick depends on the amount and urgency, not the code itself: RTGS for ₹2 lakh+ needing near-instant settlement, NEFT for regular batch-processed transfers, and IMPS for smaller amounts that need to land in seconds.

Is there a phone number for this branch?

Yes, this branch's listed contact number is +912224710821.

Other Mahanagar Co-operative Bank branches in THANE

BADLAPURSAVARKAR NAGARTHANE, NARALIPADAULHASNAGARVARTAKANAGAR

Mahanagar Co-operative Bank in other districts of MAHARASHTRA

MUMBAI (19)PUNE (12)NEW MUMBAI (5)AHMADNAGAR (3)NASIK (3)NAVIMUMBAI (3)AURANGABAD (2)PANVEL (2)

IFSC and MICR code data sourced from bank-published branch records. While we take care to keep this current, always confirm the IFSC code with your bank before making a large transfer — see our disclaimer for details.