The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Tamilnad Mercantile Bank Limited for its Sukapur branch in Raigad, Panvel, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Tamilnad Mercantile Bank Limited located in Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code TMBL0000293. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Tamilnad Mercantile Bank Limited, Sukapur, Raigad

Below in the table are the key details related to IFSC Code TMBL0000293 of Tamilnad Mercantile Bank Limited for its branch located in Raigad, within the district of Panvel in the state of Maharashtra.

Particulars Details
Bank Tamilnad Mercantile Bank Limited
IFSC Code TMBL0000293
Branch Sukapur
City Raigad
District Panvel
State Maharashtra
Address Ground Floor, Shakthi Veg Oils Ltd Premises, Panvel Matheran Road, Sukapur- 410 206, Raigad District

These details helps users in online banking and for businesses and individuals who use Tamilnad Mercantile Bank Limited in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TMBL0000293 for the Sukapur branch of Tamilnad Mercantile Bank Limited plays a vital role.

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, including Tamilnad Mercantile Bank Limited located in Sukapur, Raigad, Maharashtra, is provided with a unique IFSC like TMBL0000293 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Tamilnad Mercantile Bank Limited branch in Raigad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Raigad and Panvel.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Tamilnad Mercantile Bank Limited in Sukapur do not get mixed with another location.

Format of the IFSC Code TMBL0000293

The format of the IFSC Code for banks, including Tamilnad Mercantile Bank Limited, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Tamilnad Mercantile Bank Limited, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Sukapur in Raigad.

For example, the IFSC Code TMBL0000293 of Tamilnad Mercantile Bank Limited for the Sukapur branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra correctly.

How to Find IFSC Code for Tamilnad Mercantile Bank Limited?

If you are trying to find the IFSC Code TMBL0000293 of Tamilnad Mercantile Bank Limited for its Sukapur branch located in Raigad, the following methods can help:

Cheque Book

The cheque book issued by Tamilnad Mercantile Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Tamilnad Mercantile Bank Limited branches in Raigad and Panvel, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Tamilnad Mercantile Bank Limited and navigate to the branch locator section. Search for Sukapur or Raigad to get the exact IFSC Code TMBL0000293.

Mobile Banking App

If you use Tamilnad Mercantile Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Tamilnad Mercantile Bank Limited and Raigad, you'll get the correct details.

How to Use IFSC Code TMBL0000293 for Online Transfers?

Once you have the IFSC Code TMBL0000293 for the Sukapur branch of Tamilnad Mercantile Bank Limited in Raigad, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code TMBL0000293. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Tamilnad Mercantile Bank Limited IFSC Code TMBL0000293.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Tamilnad Mercantile Bank Limited Sukapur in Raigad may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Tamilnad Mercantile Bank Limited in Sukapur, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Tamilnad Mercantile Bank Limited website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Raigad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Tamilnad Mercantile Bank Limited Sukapur Raigad?

The IFSC Code of the Sukapur Raigad branch is TMBL0000293.

Is IFSC Code TMBL0000293 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Tamilnad Mercantile Bank Limited Sukapur branch?

The branch is located at Ground Floor, Shakthi Veg Oils Ltd Premises, Panvel Matheran Road, Sukapur- 410 206, Raigad District.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.