Mahanagar Co-operative Bank
SHIRUR BRANCH
+912138222070
Understanding IFSC Code: The Digital DNA of Mahanagar Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the SHIRUR
branch of Mahanagar Co-operative Bank, the code MCBL0960054 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 MCBL0960054 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"MCBL" represents Mahanagar Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for SHIRUR
Payment Systems Supported by MCBL0960054
| 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—412096002—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 Mahanagar Co-operative Bank in SHIRUR typically follows the RBI holiday calendar. Digital transfers via MCBL0960054 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 MCBL0960054 is the valid code for SHIRUR at SHIRUR, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Mahanagar Co-operative Bank Branch List
- • SHIRUR IFSC Codes
- • Swift Code for Mahanagar Co-operative Bank
- • Bank Holiday in MAHARASHTRA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • SHIRUR Contact
- • Address of Mahanagar Co-operative Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
INDEXING TAGS: Mahanagar Co-operative Bank MCBL0960054 code, find SHIRUR branch details, Mahanagar Co-operative Bank SHIRUR contact number, MAHARASHTRA bank ifsc list, anand design banking suite, ifsc finder 2026, free bank branch locator, micr code for Mahanagar Co-operative Bank SHIRUR, online neft rtgs imps guide india, how to find ifsc code of Mahanagar Co-operative Bank.