There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Tamilnad Mercantile Bank Limited for its Mumbai - Sion branch in Greater Bombay, Mumbai, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Tamilnad Mercantile Bank Limited situated in Greater Bombay or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code TMBL0000168. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Tamilnad Mercantile Bank Limited, Mumbai - Sion, Greater Bombay
The table below shows the main details of the IFSC Code TMBL0000168 for the Tamilnad Mercantile Bank Limited branch in Greater Bombay, which falls under the Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Tamilnad Mercantile Bank Limited |
| IFSC Code | TMBL0000168 |
| Branch | Mumbai - Sion |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Plot No.43,Vandhana Scheme No.6,Road.No.25,Sion Circle(W) Mumbai-400022 Mh |
These details are important not only for users using online banking but also for businesses and individuals who use Tamilnad Mercantile Bank Limited in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code TMBL0000168 for the Mumbai - Sion branch of Tamilnad Mercantile Bank Limited is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Tamilnad Mercantile Bank Limited located in Mumbai - Sion, Greater Bombay, Maharashtra, are given a unique IFSC like TMBL0000168 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Bombay.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Greater Bombay and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Tamilnad Mercantile Bank Limited in Mumbai - Sion goes to the correct branch. This is important because Tamilnad Mercantile Bank Limited has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code TMBL0000168
This is the format of the IFSC Code for banks, including Tamilnad Mercantile Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Tamilnad Mercantile Bank Limited, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mumbai - Sion in Greater Bombay.
For example, the IFSC Code TMBL0000168 of Tamilnad Mercantile Bank Limited for the Mumbai - Sion branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Tamilnad Mercantile Bank Limited?
If you are looking for the IFSC Code TMBL0000168 of Tamilnad Mercantile Bank Limited for its Mumbai - Sion branch located in Greater Bombay, the following methods can help:
Cheque Book
The cheque book that is issued by Tamilnad Mercantile Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Tamilnad Mercantile Bank Limited branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Tamilnad Mercantile Bank Limited and look for the branch locator section, then search for Mumbai - Sion or Greater Bombay to get the exact IFSC Code TMBL0000168.
Mobile Banking App
If you use Tamilnad Mercantile Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Tamilnad Mercantile Bank Limited and Greater Bombay, then it will provide you proper information.
How to Use IFSC Code TMBL0000168 for Online Transfers?
Once you have the IFSC Code TMBL0000168 for the Mumbai - Sion branch of Tamilnad Mercantile Bank Limited in Greater Bombay, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code TMBL0000168. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Tamilnad Mercantile Bank Limited IFSC Code TMBL0000168.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Tamilnad Mercantile Bank Limited Mumbai - Sion in Greater Bombay, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Tamilnad Mercantile Bank Limited in Mumbai - Sion, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Tamilnad Mercantile Bank Limited website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is TMBL0000168.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Plot No.43,Vandhana Scheme No.6,Road.No.25,Sion Circle(W) Mumbai-400022 Mh located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.