Pratap Co-operative Bank
PRATAP COOP BANK MATUNGA E BRANCH
+912224179317
Understanding IFSC Code: The Digital DNA of Pratap Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the PRATAP COOP BANK MATUNGA E
branch of Pratap Co-operative Bank, the code MDCB0680406 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 MDCB0680406 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"MDCB" represents Pratap Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for PRATAP COOP BANK MATUNGA E
Payment Systems Supported by MDCB0680406
| 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—400068406—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 Pratap Co-operative Bank in MUMBAI typically follows the RBI holiday calendar. Digital transfers via MDCB0680406 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 MDCB0680406 is the valid code for PRATAP COOP BANK MATUNGA E at MUMBAI, ensure the beneficiary name matches perfectly in your mobile banking app.
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Branch Context
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