Muslim Co-operative Bank
BHIWANDI BRANCH
Understanding IFSC Code: The Digital DNA of Muslim Co-operative Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the BHIWANDI
branch of Muslim Co-operative Bank, the code MSLM0000024 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 MSLM0000024 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"MSLM" represents Muslim Co-operative Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for BHIWANDI
Payment Systems Supported by MSLM0000024
| 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—400165004—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 Muslim Co-operative Bank in THANE typically follows the RBI holiday calendar. Digital transfers via MSLM0000024 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 MSLM0000024 is the valid code for BHIWANDI at THANE, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Muslim Co-operative Bank Branch List
- • THANE IFSC Codes
- • Swift Code for Muslim Co-operative Bank
- • Bank Holiday in MAHARASHTRA
Financial Tools
- • GST Calculator Online
- • Personal Loan EMI Calc
- • FD Interest Rates 2026
- • Currency Converter
Branch Context
- • BHIWANDI Contact
- • Address of Muslim Co-operative Bank
- • MICR Code Finder
- • MAHARASHTRA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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