Meghalaya Co Operative Apex Bank IFSC Code and MICR Code

Find Meghalaya Co Operative Apex Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Meghalaya Co Operative Apex Bank IFSC Code, MICR Code and SWIFT Code

Meghalaya Co-operative Apex Bank was founded in 1971 when the state of Meghalaya was created by bifurcating it from Assam. The bank has its head office in Shillong and offers the latest banking services. You need the Meghalaya Co-operative Apex Bank IFSC Code to initiate online money transfers with the bank. 

The Indian banking system uses unique codes like the IFSC, MICR, and SWIFT codes to facilitate online transactions between two accounts. The IFSC code is used for domestic wire transfers, and the SWIFT code is required for international fund transfers. The MICR code is used during cheque clearance. 

Every bank branch is allotted an IFSC code by the Reserve Bank of India to enable transfers between bank accounts electronically. In this article, we'll read more about the IFSC and MICR codes.  

Let's find out the ways to search for the banking codes online and offline. Let us also learn more about online funds transfer methods like NEFT, RTGS, and IMPS, the necessary documents, and the transaction fee to use these online payment methods. 

Meghalaya Co-operative Apex Bank (MCAB) IFSC Code


The Indian Financial System Code or IFSC code is an 11-character distinct code allotted by the RBI to every bank branch in India. The code is used during online find transfers to correctly identify the branch where the receiver's (beneficiary) account is located. It streamlines the banking system and speeds up online transactions.

There are three parts to the IFSC code, where the first four characters are the bank code, and the fifth is always a zero (0). The remaining six characters are the branch code and can be alphabets, numbers, or a combination of both.  

For example, the Meghalaya Co-operative Apex Bank Head office Branch IFSC Code is YESB0MCA001 and it is located at the M G Road, Police Bazar, Shillong in the East Khasi Hills district. Here, 

  • YESB is the Bank Code 
  • It is followed by Zero 
  • MCA001 is the Branch Code 

But why do you need the IFSC code? What will happen if you use an incorrect IFSC code to make an online money transfer through NEFT, RTGS, or IMPS? You cannot complete wire transfers without entering the IFSC code of the beneficiary's bank. 

When you use the wrong IFSC code, the transaction might still be successful if the account number is correct and belongs to the same branch. In case of failed transactions, the money will be credited back to your account in 2-3 working days. 

The amount might be credited to another account if the details match (even when you enter the wrong account number and IFSC code). Contact the bank to reverse the transactions. It is very important to know the IFSC code of the beneficiary's bank and use it during online fund transfers. 

Meghalaya Co-operative Apex Bank (MCAB) MICR Code

The Magnetic Ink Character Recognition or MICR code is a unique 9-digit code printed at the bottom of the cheques using the MICR technology. This code is allotted by RBI and is used by the banks to validate the authenticity of the electronic cheque clearing. 

Cheques processed online through ECS (Electronic Clearing System) use the MICR code to determine the genuineness of the instrument. This speeds up the process and allows banks to deposit the money in the beneficiary's account in less time. 

Unlike the Meghalaya Co-operative Apex Bank IFSC Code, the MICR code contains only numbers and is used by the banking system. Customers don't have to mention the MICR code for online transactions. Non-MICR branches process cheques manually. 

The Meghalaya Co-operative Apex Bank MICR code is 793618002. It is divided into three parts- 

  • The First Three Digits Denote the City Code - 793
  • The Next Three Digits Represent the Bank Code - 618
  • The Last three Digits Denote the Branch Code - 002

How to Find the IFSC Code & MICR Code of the Meghalaya Co-operative Apex Bank (MCAB)?


It's now time to learn how to find the IFSC and MICR codes of MACB. You can opt for any of the listed methods to get the Meghalaya Co-operative Apex Bank IFSC Code and initiate an online transaction through NEFT, RTGS, or IMPS.  

The online method is the easiest if you are a sender. The offline methods are convenient if you are the beneficiary. Let's check out the different methods in detail. 

Online Search Tools

A simple and easy way to find the IFSC code online is by using a search tool. Find Your Bank is a free and reliable website with information about all bank branches in the country. You just have to fill out the form on the home page using the drop-down options. You can find the IFSC, MICR, and SWIFT codes of the respective banks. 

  • Go to Use the form on the homepage. 
  • First, Select the Bank Name from the Drop-Down List.
  • Then, Choose the State where the Bank is Located.
  • Next, Choose the District of the Bank Branch. 
  • Finally, Select the Branch Name (City) to get the IFSC Code. 

Each time you select an option, the page will automatically reload. After the last selection, you will get the necessary (and available) details about the branch. The branch address, the IFSC, MICR, and SWIFT (if applicable) codes, and the contact information like phone numbers and email ID will be provided.  

Find Your Bank is also available as a Mobile App for Android users. From the Play Store, you can download the app for free.  

MCAB Passbook 

A passbook is provided to every account holder in the bank. On the first page of the passbook, you will find the following information:

  • Name and Address of the Bank Branch. 
  • Name and Address of the Account Holder
  • Account Number and Type 
  • Customer ID
  • IFSC and MICR Codes of the Branch

MCAB Chequebook 

An account holder can request a chequebook by applying at the branch. The first page of the chequebook is similar to that of the passbook and has the IFSC and MICR codes printed on it. Each cheque also has the codes, with the IFSC code at the top and the MICR code at the bottom of the cheque. 

MCAB Digital Platforms 

The bank's online platforms like the website and mobile banking app will have a list of the IFSC codes of all branches belonging to the bank. Sometimes, you have to log in to your account to access the information. 

MCAB Customer Care 

You can contact the bank's customer care center and ask for the IFSC and MICR of its branches. Non-account-holders are also eligible to ask for this information. You don't have to share confidential information such as passwords or PINs. 

How to Transfer Money through NEFT, RTGS & IMPS?


Online fund transfers are convenient and stress-free. These are processed faster than regular transactions, and the money will be credited to the beneficiary's account in a few hours. NEFT, RTGS, and IMPS are the three main online money transfer methods used in the country.

You need the Meghalaya Co-operative Apex Bank IFSC Code for all transactions. Let's read about each method in detail and list the necessary details to initiate an online transaction between two bank accounts. 


National Electronic Funds Transfer is a popular online money transfer method that runs on the Deferred Net Settlement (DNS) system. The transactions are cleared in batches once every two hours. It takes around two hours for the amount to be credited to the receiver's account. 

NEFT payments can be made 24*7*365. The transactions are processed on all days. NEFT payments have no minimum or maximum limits. The transaction charges depend on the amount sent. You can make any number of NEFT transactions from your net banking account.  

The transaction charges for an NEFT payment are as follows: 

  • Rs. 5 (+ GST) for an amount up to Rs. 1 Lakh 
  • Rs. 15 (+ GST) for an amount between Rs. 1 Lakh and Rs. 2 Lakhs 
  • Rs. 25 (+ GST) for an amount above Rs. 2 Lakhs 

NEFT payments can also be initiated from bank branches if you don't have a net banking account. You need the following information to initiate any NEFT transaction: 

  • Beneficiary Name 
  • Beneficiary Account Number 
  • Beneficiary Bank Name 
  • Beneficiary Branch IFSC Code 
  • The Amount to be Transferred 
  • Your Account to Debit the Amount


Real-Time Gross Settlement is a secure and real-time online payment system developed by RBI to facilitate high-amount transactions instantly. It is used for emergencies and for sending large amounts of money at once to another bank account in the country. 

The minimum limit for RTGS payment is Rs. 2 lakhs, while there is no maximum limit. The money is credited immediately. The transaction is irreversible once completed. You need the same details for an RTGS and NEFT transaction. Both can be sent through net banking or bank branch. 

The service charges for an RTGS transaction are costlier than NEFT. Each transaction is charged as: 

  • Rs. 25 (+ GST) for an amount between Rs. 12 Lakhs and Rs. 5 Lakhs.
  • Rs. 50 (+ GST) for an amount above Rs. 5 Lakhs.


Immediate Payment Service is an instant payment service that is available 24*7 and can be sent via net/ mobile banking, ATM, SMS, or bank branch. It uses the MMID (Mobile Money Identifier) allotted to the account holders by the branch. 

IMPS payments can be made between two bank accounts or registered mobile numbers. The minimum limit is Re. 1, and the maximum limit is Rs. 2 lakhs. The service charges depend on the bank, though they cannot charge more than Rs. 25 (+ GST). 

You need the following for an IMPS payment: 

  • Beneficiary's MMID
  • Your MMID
  • Amount to be transferred 
  • Beneficiary Account Number
  • Beneficiary Bank Name 
  • Beneficiary Bank's IFSC Code 
  • Beneficiary Name (Optional) 

About the Meghalaya Co-operative Apex Bank Ltd (MCAB)


Meghalaya Co-operative Apex Bank was founded in 1971 when Meghalaya state was formed after its bifurcation from Assam. The bank expanded over the years to currently have fifty-two branches in the state. The Meghalaya Co-operative Apex Bank offers various financial services to rural and agricultural communities. 

The Meghalaya Co-operative Apex Bank has its head office at the MG Road, Police Bazar, in Shillong town. The bank has gained a reputation as being a pioneer and a household name in the state. 

MCAB uses the latest technology to offer seamless services like net banking, mobile banking, and much more. The MCAB mobile app is available for Android and iOS smartphones. The links to the apps can be found on the bank's official website. It offers RuPay debit cards to account holders. 

Frequently Asked Questions

1) How to Check the Account Balance in Meghalaya Co-operative Apex Bank?

You can check your account balance in MCAB by logging into your net banking account, accessing the MACB mobile app, or calling the bank's customer care. 

2) What is the Customer Care Number of Meghalaya Co-operative Apex Bank?

The customer care numbers of Meghalaya Co-operative Apex Bank are (0364) 2224166 and 2223753. 

3) How to Register your Mobile Number with Meghalaya Co-operative Apex Bank?

Go to the branch with your account and submit an application to register and update your mobile number. Account-related alerts will be sent to your number after registration. You need to update your mobile number with the bank to use the MCAB mobile app. 

4) How many Branches of MACB are there in East Khasi Hills? 

The Meghalaya Cooperative Apex Bank has twenty branches in East Khasi Hills, including the head office in Shillong.  

5) Where Can you Find the CIF Number of your Bank Account?

CIF is the Customer Identification File number, a unique number/ code allotted by the bank to every account holder. It is also called customer ID in some banks and can be found on the first page of the passbook and chequebook. Alternatively, you can get in touch with the bank's customer service center to get your CIF number.