IFSC Code of The Banaskantha Mercantile Cooperative Bank Ltd, RTGS-HO Branch, Gujarat

Below are the complete branch details for The Banaskantha Mercantile Cooperative Bank Ltd, RTGS-HO branch, located in BANASKANTHA, GUJARAT. The IFSC assigned by the Reserve Bank of India to this branch is TBMC0000001. 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 TBMC0000001 for The Banaskantha Mercantile Cooperative Bank Ltd – RTGS-HO — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For The Banaskantha Mercantile Cooperative Bank Ltd's RTGS-HO branch, the IFSC TBMC0000001 breaks down as follows: TBMC identifies the bank, 0 is the reserved character, and 000001 identifies this particular branch.

About The Banaskantha Mercantile Cooperative Bank Ltd

The Banaskantha Mercantile Cooperative Bank Ltd operates a wide network of branches across India, including the RTGS-HO branch in Banaskantha. 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, TBMC0000001.

RTGS-HO branch overview

Located at OLD SARDAR GANJ ROAD,GATHAMAN GATE,PALANPUR-385001 DIST,BANASKANTHA,GUJARAT, the RTGS-HO branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC TBMC0000001 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

Why every The Banaskantha Mercantile Cooperative Bank Ltd 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 RTGS-HO of The Banaskantha Mercantile Cooperative Bank Ltd — its own 11-character IFSC. The code TBMC0000001 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 TBMC0000001 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the RTGS-HO branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC TBMC0000001 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC TBMC0000001

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 TBMC0000001 across all three.

How to use IFSC TBMC0000001 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to The Banaskantha Mercantile Cooperative Bank Ltd's RTGS-HO 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 TBMC0000001.
4. Confirm the bank name auto-populates as The Banaskantha Mercantile Cooperative Bank Ltd and the branch as RTGS-HO.
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 RTGS-HO

If you need to transfer ₹2 lakh or more in one go to an account at The Banaskantha Mercantile Cooperative Bank Ltd's RTGS-HO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TBMC0000001 while initiating the transfer and the credit will appear within minutes.

IMPS to The Banaskantha Mercantile Cooperative Bank Ltd RTGS-HO (IFSC TBMC0000001)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC TBMC0000001 in your mobile or internet banking app, and the money is credited to the RTGS-HO branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to RTGS-HO

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 TBMC0000001:

• 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 RTGS-HO is still linked to IFSC TBMC0000001.

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 TBMC0000001

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 The Banaskantha Mercantile Cooperative Bank Ltd – RTGS-HO is still mapped to IFSC TBMC0000001. 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 TBMC0000001 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the RTGS-HO branch is mapped to IFSC TBMC0000001 on the RBI payments network. The branch generally supports the full retail product catalogue of The Banaskantha Mercantile Cooperative Bank Ltd, 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 TBMC0000001.

Products and services

Customers walking into the RTGS-HO branch can access most of The Banaskantha Mercantile Cooperative Bank Ltd's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC TBMC0000001

Digital banking channels

Most day-to-day work that customers used to do at the RTGS-HO 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 TBMC0000001 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.

How to reach the RTGS-HO branch

The branch is located at OLD SARDAR GANJ ROAD,GATHAMAN GATE,PALANPUR-385001 DIST,BANASKANTHA,GUJARAT, which puts it inside Banaskantha, the broader Palanpur district, and the state of Gujarat. To plan your visit:

1. Open Google Maps on your phone and search for “The Banaskantha Mercantile Cooperative Bank Ltd RTGS-HO branch” — the verified location pin for IFSC TBMC0000001 should appear at the top of the results.
2. Confirm the branch is open by calling 385001-7573031002 before stepping out, especially around public holidays.
3. 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 TBMC0000001 and your account number.

Common mistakes to avoid when using IFSC TBMC0000001

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 The Banaskantha Mercantile Cooperative Bank Ltd – RTGS-HO, 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: TBMC0000001.
• 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.

Working hours

Branch counters at RTGS-HO are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to TBMC0000001 continue to work without interruption.

Verifying IFSC TBMC0000001 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 TBMC0000001 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 385001-7573031002.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: TBMC0000001 is the IFSC code of The Banaskantha Mercantile Cooperative Bank Ltd, RTGS-HO branch, in BANASKANTHA, GUJARAT. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.