Indian Financial System Code, popularly known as IFSC code, is an 11-digit alphanumeric code that helps identify the individual bank branches. IFSC code is used to transfer funds online for NEFT, IMPS, and RTGS transactions. First four digit characters represent the bank, followed by a zero (0), and the last 6 characters, usually number, represent the bank branch.

Customer can find IFSC code on their bank’s cheque leaves, passbooks, bank statement and other banking documents.

Its significance

Unique branch identification: Through an IFSC code, the particular branches of source and destination banks can be identified.

Useful for electronic transfer: It is used for online fund transfer like NEFT, RTGS & IMPS, and helps eliminate errors.

IFSC Code Finder

This helps customers search for IFSC code of any branch of any bank across the country.

Mahanagar Co-Operative Bank is a scheduled co-operative bank. It was established under the name of “The Ahmednagar Sahakari Bank Ltd.” on th October 97. The name was changed to “The Mahanagar Co-operative Bank Ltd.” from st January 998, and on 0th January 998, it secured ‘A’ grade classification from Reserve Bank of India. The bank was initially set up to provide financial assistance for Mill workers, Dock workers, Fruit, Vegetable and Flower vendors, Fish vendors, small number of shop keepers, and self-employed persons near greater Mumbai.