IFSC Code of HDFC Bank, The Banaskantha Mercantile Co B Ltd Branch, Gujarat

Use this page as a one-stop reference for everything related to HDFC Bank's THE BANASKANTHA MERCANTILE CO B LTD branch in AHMEDABAD, GUJARAT. The branch's IFSC code HDFC0CTBMC1 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for HDFC Bank – THE BANASKANTHA MERCANTILE CO B LTD is HDFC0CTBMC1. The first four letters HDFC are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters CTBMC1 map to this branch in AHMEDABAD, GUJARAT.

About the bank

HDFC Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its The Banaskantha Mercantile Co B Ltd branch in Ahmedabad, Gujarat is part of this network and uses the IFSC code HDFC0CTBMC1 for all electronic settlement.

About the The Banaskantha Mercantile Co B Ltd branch

The The Banaskantha Mercantile Co B Ltd branch of HDFC Bank is situated at OLD SARDAR GUNJ ROAD GATHAMAN GATE PALANPUR 385001. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code HDFC0CTBMC1 is used.

Branch details at a glance

Why every HDFC Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including THE BANASKANTHA MERCANTILE CO B LTD of HDFC Bank — its own 11-character IFSC. The code HDFC0CTBMC1 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC HDFC0CTBMC1 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by HDFC Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC HDFC0CTBMC1 and the account number together uniquely identify the The Banaskantha Mercantile Co B Ltd branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC HDFC0CTBMC1

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC HDFC0CTBMC1 across all three.

How to use IFSC HDFC0CTBMC1 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to HDFC Bank's THE BANASKANTHA MERCANTILE CO B LTD branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC HDFC0CTBMC1.
4. Confirm the bank name auto-populates as HDFC Bank and the branch as THE BANASKANTHA MERCANTILE CO B LTD.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to THE BANASKANTHA MERCANTILE CO B LTD

If you need to transfer ₹2 lakh or more in one go to an account at HDFC Bank's THE BANASKANTHA MERCANTILE CO B LTD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC HDFC0CTBMC1 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to HDFC Bank – THE BANASKANTHA MERCANTILE CO B LTD, use IMPS. With IFSC HDFC0CTBMC1 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to The Banaskantha Mercantile Co B Ltd

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC HDFC0CTBMC1:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at THE BANASKANTHA MERCANTILE CO B LTD is still linked to IFSC HDFC0CTBMC1.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC HDFC0CTBMC1

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at HDFC Bank – THE BANASKANTHA MERCANTILE CO B LTD is still mapped to IFSC HDFC0CTBMC1. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC HDFC0CTBMC1 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the The Banaskantha Mercantile Co B Ltd branch is mapped to IFSC HDFC0CTBMC1 on the RBI payments network. The branch generally supports the full retail product catalogue of HDFC Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains HDFC0CTBMC1.

Banking services available

The The Banaskantha Mercantile Co B Ltd branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 91-7573031002.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC HDFC0CTBMC1

Online banking and IFSC HDFC0CTBMC1

HDFC Bank customers can register for net banking and the bank's official mobile app once their account at the THE BANASKANTHA MERCANTILE CO B LTD branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC HDFC0CTBMC1 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Reaching the branch

The The Banaskantha Mercantile Co B Ltd branch sits at OLD SARDAR GUNJ ROAD GATHAMAN GATE PALANPUR 385001. If you are travelling from outside Ahmedabad, search for the branch on a maps application using the bank name and locality, or call 91-7573031002 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC HDFC0CTBMC1 and your account number.

Common mistakes to avoid when using IFSC HDFC0CTBMC1

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to HDFC Bank – THE BANASKANTHA MERCANTILE CO B LTD, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: HDFC0CTBMC1.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The The Banaskantha Mercantile Co B Ltd branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC HDFC0CTBMC1, however, work 24x7.

Verifying IFSC HDFC0CTBMC1 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm HDFC0CTBMC1 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 91-7573031002.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Summary

The IFSC code HDFC0CTBMC1 belongs to HDFC Bank's THE BANASKANTHA MERCANTILE CO B LTD branch, located at OLD SARDAR GUNJ ROAD GATHAMAN GATE PALANPUR 385001 in AHMEDABAD, GUJARAT. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.