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Jilla Sahakari Kendriya Bank Mydt Raisen

Jilla Sahakari Kendriya Bank Mydt Raisen IMPS BRANCH

+912222612008

IFSC CODE
CBIN0MPDCAY
MICR Code
Branch Code MPDCAY
City / District RAISEN
State MAHARASHTRA
Office Address SAGAR ROAD, RAISEN, IN FRONT OF POSR OFFICE
Phone +912222612008
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Jilla Sahakari Kendriya Bank Mydt Raisen

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the Jilla Sahakari Kendriya Bank Mydt Raisen IMPS branch of Jilla Sahakari Kendriya Bank Mydt Raisen, the code CBIN0MPDCAY ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the CBIN0MPDCAY Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"CBIN" represents Jilla Sahakari Kendriya Bank Mydt Raisen

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for Jilla Sahakari Kendriya Bank Mydt Raisen IMPS

Payment Systems Supported by CBIN0MPDCAY

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code——is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Jilla Sahakari Kendriya Bank Mydt Raisen in RAISEN typically follows the RBI holiday calendar. Digital transfers via CBIN0MPDCAY for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While CBIN0MPDCAY is the valid code for Jilla Sahakari Kendriya Bank Mydt Raisen IMPS at RAISEN, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • Jilla Sahakari Kendriya Bank Mydt Raisen IMPS Contact
  • • Address of Jilla Sahakari Kendriya Bank Mydt Raisen
  • • MICR Code Finder
  • • MAHARASHTRA Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
  • • Webmaster Tools
  • • IFSC Finder v2.0

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