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 The Banaskantha Mercantile Cooperative Bank Ltd for its Ahmedabad Highway branch in Banaskantha, Palanpur, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of The Banaskantha Mercantile Cooperative Bank Ltd located in Banaskantha or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code TBMC0001002. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for The Banaskantha Mercantile Cooperative Bank Ltd, Ahmedabad Highway, Banaskantha
Here are the main details that are associated with the IFSC Code TBMC0001002 of The Banaskantha Mercantile Cooperative Bank Ltd for its branch located in Banaskantha, within the district of Palanpur in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | The Banaskantha Mercantile Cooperative Bank Ltd |
| IFSC Code | TBMC0001002 |
| Branch | Ahmedabad Highway |
| City | Banaskantha |
| District | Palanpur |
| State | Gujarat |
| Address | Sakar Complex,Akeshan Road,Below Bridge,Palanpur-385001 Dist,Banaskantha,Gujarat |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Banaskantha Mercantile Cooperative Bank Ltd in Banaskantha for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code TBMC0001002 for the Ahmedabad Highway branch of The Banaskantha Mercantile Cooperative Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including The Banaskantha Mercantile Cooperative Bank Ltd located in Ahmedabad Highway, Banaskantha, Gujarat, is provided a unique IFSC like TBMC0001002 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the The Banaskantha Mercantile Cooperative Bank Ltd branch in Banaskantha.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Banaskantha and Palanpur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Gujarat and the rest of India, the IFSC Code ensures that transactions meant for The Banaskantha Mercantile Cooperative Bank Ltd in Ahmedabad Highway do not get misguided to another person.
Format of the IFSC Code TBMC0001002
The format of the IFSC Code for banks, including The Banaskantha Mercantile Cooperative Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In The Banaskantha Mercantile Cooperative Bank Ltd, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Ahmedabad Highway in Banaskantha.
For example, the IFSC Code TBMC0001002 of The Banaskantha Mercantile Cooperative Bank Ltd for the Ahmedabad Highway branch has these elements, identifying the bank and the branch location in Banaskantha and Gujarat correctly.
How to Find IFSC Code for The Banaskantha Mercantile Cooperative Bank Ltd?
If you are trying to find the IFSC Code TBMC0001002 of The Banaskantha Mercantile Cooperative Bank Ltd for its Ahmedabad Highway branch located in Banaskantha, the following methods can help:
Cheque Book
The cheque books that are issued by The Banaskantha Mercantile Cooperative Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including The Banaskantha Mercantile Cooperative Bank Ltd branches in Banaskantha and Palanpur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of The Banaskantha Mercantile Cooperative Bank Ltd and find the branch locator section. Search for Ahmedabad Highway or Banaskantha to get the exact IFSC Code TBMC0001002.
Mobile Banking App
If you use The Banaskantha Mercantile Cooperative Bank Ltd's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for The Banaskantha Mercantile Cooperative Bank Ltd and Banaskantha that will provide accurate information.
How to Use IFSC Code TBMC0001002 for Online Transfers?
Once you have the IFSC Code TBMC0001002 for the Ahmedabad Highway branch of The Banaskantha Mercantile Cooperative Bank Ltd in Banaskantha, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code TBMC0001002. 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 The Banaskantha Mercantile Cooperative Bank Ltd IFSC Code TBMC0001002.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for The Banaskantha Mercantile Cooperative Bank Ltd Ahmedabad Highway in Banaskantha 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 The Banaskantha Mercantile Cooperative Bank Ltd in Ahmedabad Highway, 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 The Banaskantha Mercantile Cooperative Bank Ltd website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Banaskantha manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ahmedabad Highway Banaskantha branch is TBMC0001002.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Sakar Complex,Akeshan Road,Below Bridge,Palanpur-385001 Dist,Banaskantha,Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.