IFSC Code of The Banaskantha Mercantile Cooperative Bank Ltd, Sardar Gunj Branch, Gujarat

If you are searching for the IFSC code of The Banaskantha Mercantile Cooperative Bank Ltd, SARDAR GUNJ branch in BANASKANTHA, GUJARAT, this page has every detail you need. The verified IFSC code for this branch is TBMC0001001. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the SARDAR GUNJ branch, and detailed step-by-step guides for using the IFSC TBMC0001001 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.

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 SARDAR GUNJ branch, the IFSC TBMC0001001 breaks down as follows: TBMC identifies the bank, 0 is the reserved character, and 001001 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 Sardar Gunj 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, TBMC0001001.

Branch details at a glance

About this branch

The branch is located at OLD SARDAR GANJ ROAD,GATHAMAN GATE,PALANPUR-385001 DIST,BANASKANTHA,GUJARAT. It serves the Banaskantha region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of The Banaskantha Mercantile Cooperative Bank Ltd. The IFSC TBMC0001001 is used to identify this branch on the RBI payments network.

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 SARDAR GUNJ of The Banaskantha Mercantile Cooperative Bank Ltd — its own 11-character IFSC. The code TBMC0001001 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 TBMC0001001 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 Sardar Gunj branch is mapped to IFSC TBMC0001001 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 TBMC0001001.

Products and services

Customers walking into the Sardar Gunj 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 TBMC0001001

How to transfer money using IFSC TBMC0001001

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 TBMC0001001 across all three.

How to use IFSC TBMC0001001 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 SARDAR GUNJ 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 TBMC0001001.
4. Confirm the bank name auto-populates as The Banaskantha Mercantile Cooperative Bank Ltd and the branch as SARDAR GUNJ.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC TBMC0001001

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 The Banaskantha Mercantile Cooperative Bank Ltd – SARDAR GUNJ, ensure your bank's portal accepts IFSC TBMC0001001 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to The Banaskantha Mercantile Cooperative Bank Ltd – SARDAR GUNJ, use IMPS. With IFSC TBMC0001001 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC TBMC0001001 for The Banaskantha Mercantile Cooperative Bank Ltd – SARDAR GUNJ, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Sardar Gunj branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at The Banaskantha Mercantile Cooperative Bank Ltd's SARDAR GUNJ branch, the IFSC TBMC0001001 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Online banking and IFSC TBMC0001001

The Banaskantha Mercantile Cooperative Bank Ltd customers can register for net banking and the bank's official mobile app once their account at the SARDAR GUNJ 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 TBMC0001001 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.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by The Banaskantha Mercantile Cooperative Bank Ltd carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC TBMC0001001 and the account number together uniquely identify the Sardar Gunj branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC TBMC0001001

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 – SARDAR GUNJ, 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: TBMC0001001.
• 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.

Reaching the branch

The Sardar Gunj branch sits at OLD SARDAR GANJ ROAD,GATHAMAN GATE,PALANPUR-385001 DIST,BANASKANTHA,GUJARAT. If you are travelling from outside Banaskantha, search for the branch on a maps application using the bank name and locality, or call 385001-7573031011 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 TBMC0001001 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC TBMC0001001 for The Banaskantha Mercantile Cooperative Bank Ltd – SARDAR GUNJ, 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 Sardar Gunj branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC TBMC0001001, however, work 24x7.

Branch address & contact

Frequently asked questions

Final notes

To recap: TBMC0001001 is the IFSC code of The Banaskantha Mercantile Cooperative Bank Ltd, SARDAR GUNJ 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.