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 Tumkur Grain Merchants Cooperative Bank Limited for its Mathikere Branch branch in Bengaluru, Bengaluru, Karnataka, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Tumkur Grain Merchants Cooperative Bank Limited located in Bengaluru or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code TGMB0000025. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Tumkur Grain Merchants Cooperative Bank Limited, Mathikere Branch, Bengaluru

Here are the key points that are associated with the IFSC Code TGMB0000025 of Tumkur Grain Merchants Cooperative Bank Limited for its branch located in Bengaluru, within the district of Bengaluru in the state of Karnataka.

Particulars Details
Bank Tumkur Grain Merchants Cooperative Bank Limited
IFSC Code TGMB0000025
Branch Mathikere Branch
City Bengaluru
District Bengaluru
State Karnataka
Address No 33, Hmt Main Road, Gokula First Stage, 2Nd Phase, Mathikere, Bengaluru - 560054

These details are important not only for users using online banking but also for businesses and individuals who use Tumkur Grain Merchants Cooperative Bank Limited in Bengaluru for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code TGMB0000025 for the Mathikere Branch branch of Tumkur Grain Merchants Cooperative 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 Tumkur Grain Merchants Cooperative Bank Limited located in Mathikere Branch, Bengaluru, Karnataka, are allotted a unique IFSC like TGMB0000025 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bengaluru.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Bengaluru and Bengaluru.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Tumkur Grain Merchants Cooperative Bank Limited in Mathikere Branch reaches the right place, even though there are thousands of branches in Karnataka and across India.

Format of the IFSC Code TGMB0000025

The format of the IFSC Code for banks, including Tumkur Grain Merchants Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Tumkur Grain Merchants Cooperative Bank Limited, 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 Mathikere Branch in Bengaluru.

For example, the IFSC Code TGMB0000025 of Tumkur Grain Merchants Cooperative Bank Limited for the Mathikere Branch branch has these elements, identifying the bank and the branch location in Bengaluru and Karnataka correctly.

How to Find IFSC Code for Tumkur Grain Merchants Cooperative Bank Limited?

If you are looking for the IFSC Code TGMB0000025 of Tumkur Grain Merchants Cooperative Bank Limited for its Mathikere Branch branch located in Bengaluru, the following methods can help:

Cheque Book

The cheque book that is issued by Tumkur Grain Merchants Cooperative 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 Tumkur Grain Merchants Cooperative Bank Limited branches in Bengaluru and Bengaluru, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Tumkur Grain Merchants Cooperative Bank Limited and look for the branch locator section, then search for Mathikere Branch or Bengaluru to get the exact IFSC Code TGMB0000025.

Mobile Banking App

If you use Tumkur Grain Merchants Cooperative 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 Tumkur Grain Merchants Cooperative Bank Limited and Bengaluru, then it will provide you proper information.

How to Use IFSC Code TGMB0000025 for Online Transfers?

Once you have the IFSC Code TGMB0000025 for the Mathikere Branch branch of Tumkur Grain Merchants Cooperative Bank Limited in Bengaluru, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code TGMB0000025. 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 Tumkur Grain Merchants Cooperative Bank Limited IFSC Code TGMB0000025.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Tumkur Grain Merchants Cooperative Bank Limited Mathikere Branch in Bengaluru, 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 Tumkur Grain Merchants Cooperative Bank Limited in Mathikere Branch, 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 Tumkur Grain Merchants Cooperative Bank Limited website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Bengaluru manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Tumkur Grain Merchants Cooperative Bank Limited in Mathikere Branch, Bengaluru?

The IFSC Code is TGMB0000025.

Is the IFSC Code TGMB0000025 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Tumkur Grain Merchants Cooperative Bank Limited Mathikere Branch?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Mathikere Branch branch?

The address of the branch is No 33, Hmt Main Road, Gokula First Stage, 2Nd Phase, Mathikere, Bengaluru - 560054 located in Bengaluru, Bengaluru, Karnataka.

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.

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