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Model Co-op Bank Ltd., own IFSC Launch

Published On : 09 Sep 2020   |  Reported By : Rons Bantwal

Mumbai (RBI), Sept.08: Model Co-op. Bank Ltd has crossed another milestone on 8th September 2020 with the Launch of their very own IFSC code - MDBK0000xxx (where xxx varies depending on the Branch). This will facilitate 24 x 7 credits into their customers account and faster processing of transactions. Model Co-op. Bank Ltd continuously endeavours to provide the best customer experience to their customers with Professional, Quick and Efficient customer service. The IFSC code which has been assigned by RBI to the Bank is another step in this direction. The fact that the Bank has been able to operationalize this service even during these COVID pandemic times shows the determination and commitment of the Bank towards it's customers. In this context it would be pertinent to mention that efforts, good performance and financial soundness of the Bank have been regularly recognised and felicitated both at the City and State level. The Bank has received 11 awards in the last 5 years for their good performance.

The Bank had an 'On-line' launch of the IFSC code with the event being held at it's administrative office at 501 Central Plaza, Kalina, Mumbai and live streamed to the customers of the Bank, the Bank informed that they opted for the online launch because of the current restrictions on physical gatherings.

Mr. Albert W. D'Souza- Chairman of the Bank addressed the viewers/online participants and indicated how the Bank has been growing from strength to strength since it's inception as a Credit Society 104 years ago. The IFSC code launch was done by Mr. Albert W. D'Souza, Chairman of the Bank in the presence of Mr. William D'Souza (former General Manager and now Advisor) and Mr. Zenon D'Cruz (Officiating General Manager), Senior Officers Osden Fonceca, Vijay Chawan, Anil Menezes, Ratnakar Shetty, Naresh Takuru and staff members participated online alongwith over 200 customers.

We congratulate and wish Model Co-op. Bank Ltd. All the Best in their future endeavours. May Our Lady of Nativity on whose feast day the launch took place shower her blessings on the Bank and all those associated with it.


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