Below are the complete branch details for Prime Cooperative Bank Limited, LALGATE BRANCH branch, located in SURAT, GUJARAT. The IFSC assigned by the Reserve Bank of India to this branch is PMEC0100405. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case PMEC0100405 for Prime Cooperative Bank Limited – LALGATE BRANCH — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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 Prime Cooperative Bank Limited – LALGATE BRANCH is PMEC0100405. The first four letters PMEC are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 100405 map to this branch in SURAT, GUJARAT.
About Prime Cooperative Bank Limited
Prime Cooperative Bank Limited operates a wide network of branches across India, including the Lalgate Branch branch in Surat. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PMEC0100405.
Branch details at a glance
| Bank Name | Prime Cooperative Bank Limited |
|---|---|
| Branch | Lalgate Branch |
| IFSC Code | PMEC0100405 |
| MICR Code | Refer to cheque leaf |
| Branch Address | KESHAV CHAMBER, M G ROAD SURAT |
| City | Surat |
| District | Surat |
| State | Gujarat |
| STD Code | 261 |
| Phone | 2414836 |
About this branch
The branch is located at KESHAV CHAMBER, M G ROAD SURAT. It serves the Surat region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Prime Cooperative Bank Limited. The IFSC PMEC0100405 is used to identify this branch on the RBI payments network.
Why every Prime Cooperative Bank Limited 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 LALGATE BRANCH of Prime Cooperative Bank Limited — its own 11-character IFSC. The code PMEC0100405 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 PMEC0100405 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Lalgate Branch branch is mapped to IFSC PMEC0100405 on the RBI payments network. The branch generally supports the full retail product catalogue of Prime Cooperative Bank Limited, 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 PMEC0100405.
Banking services available
The Lalgate Branch branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 261-2414836.
- 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 PMEC0100405
How to transfer money using IFSC PMEC0100405
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 PMEC0100405 across all three.
NEFT to Prime Cooperative Bank Limited, LALGATE BRANCH using IFSC PMEC0100405
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PMEC0100405, and confirm that the system picks up Prime Cooperative Bank Limited – LALGATE BRANCH. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PMEC0100405
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Prime Cooperative Bank Limited – LALGATE BRANCH, ensure your bank's portal accepts IFSC PMEC0100405 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Prime Cooperative Bank Limited LALGATE BRANCH (IFSC PMEC0100405)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PMEC0100405 in your mobile or internet banking app, and the money is credited to the LALGATE BRANCH branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Lalgate Branch
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 PMEC0100405:
- 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 LALGATE BRANCH is still linked to IFSC PMEC0100405.
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 PMEC0100405
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 Prime Cooperative Bank Limited – LALGATE BRANCH is still mapped to IFSC PMEC0100405. 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 PMEC0100405 and the beneficiary's account number to complete the transfer.
Digital banking channels
Most day-to-day work that customers used to do at the Lalgate Branch branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PMEC0100405 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
MICR & cheque-truncation details
Cheques drawn on the Lalgate Branch branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC PMEC0100405 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Common mistakes to avoid when using IFSC PMEC0100405
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 Prime Cooperative Bank Limited – LALGATE BRANCH, 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:
PMEC0100405. - 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.
How to reach the Lalgate Branch branch
The branch is located at KESHAV CHAMBER, M G ROAD SURAT, which puts it inside Surat, the broader Surat district, and the state of Gujarat. To plan your visit:
- Open Google Maps on your phone and search for “Prime Cooperative Bank Limited Lalgate Branch branch” — the verified location pin for IFSC PMEC0100405 should appear at the top of the results.
- Confirm the branch is open by calling 261-2414836 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PMEC0100405 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC PMEC0100405 for Prime Cooperative Bank Limited – LALGATE BRANCH, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
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 Lalgate Branch branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC PMEC0100405, however, work 24x7.
Branch address & contact
Prime Cooperative Bank LimitedLalgate Branch Branch
KESHAV CHAMBER, M G ROAD SURAT
Surat, Gujarat
Phone: 261-2414836
IFSC: PMEC0100405
Frequently asked questions
Where is Prime Cooperative Bank Limited Lalgate Branch branch located?
Prime Cooperative Bank Limited's Lalgate Branch branch is located at KESHAV CHAMBER, M G ROAD SURAT, Surat, Gujarat.
Can I use IFSC PMEC0100405 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PMEC0100405 to send funds instantly.
Is IFSC PMEC0100405 the same for all accounts at Lalgate Branch branch?
Yes. The IFSC PMEC0100405 is shared by every account held at Prime Cooperative Bank Limited's Lalgate Branch branch. Only the account number changes from customer to customer.
Is IFSC PMEC0100405 valid for NEFT and RTGS?
Yes. IFSC PMEC0100405 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the phone number of Prime Cooperative Bank Limited Lalgate Branch branch?
You can reach the branch at 261-2414836 during regular banking hours.
How quickly will an NEFT transfer using PMEC0100405 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Prime Cooperative Bank Limited – Lalgate Branch reflect within 30 minutes.
What is the IFSC code of Prime Cooperative Bank Limited Lalgate Branch branch?
The IFSC code of Prime Cooperative Bank Limited, Lalgate Branch branch is PMEC0100405. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Lalgate Branch branch but serve different purposes.
Summary
The IFSC code PMEC0100405 belongs to Prime Cooperative Bank Limited's LALGATE BRANCH branch, located at KESHAV CHAMBER, M G ROAD SURAT in SURAT, 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.
