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

Use this page as a one-stop reference for everything related to The Banaskantha Mercantile Cooperative Bank Ltd's THARAD branch in BANASKANTHA, GUJARAT. The branch's IFSC code TBMC0001007 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 The Banaskantha Mercantile Cooperative Bank Ltd – THARAD is TBMC0001007. The first four letters TBMC are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001007 map to this branch in BANASKANTHA, GUJARAT.

About the bank

The Banaskantha Mercantile Cooperative Bank Ltd serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Tharad branch in Banaskantha, Gujarat is part of this network and uses the IFSC code TBMC0001007 for all electronic settlement.

Tharad branch overview

Located at TFLOOR,K.R.PLAZASHOPPING,ABOVETULIRETAURANT,SANCHORTHARADCROROAD,THARAD385565DITBANAKANTHA,GUJARAT, the Tharad branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC TBMC0001007 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 THARAD of The Banaskantha Mercantile Cooperative Bank Ltd — its own 11-character IFSC. The code TBMC0001007 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 TBMC0001007 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 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 TBMC0001007 and the account number together uniquely identify the Tharad branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC TBMC0001007

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 TBMC0001007 across all three.

NEFT to The Banaskantha Mercantile Cooperative Bank Ltd, THARAD using IFSC TBMC0001007

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 TBMC0001007, and confirm that the system picks up The Banaskantha Mercantile Cooperative Bank Ltd – THARAD. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to THARAD

If you need to transfer ₹2 lakh or more in one go to an account at The Banaskantha Mercantile Cooperative Bank Ltd's THARAD branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC TBMC0001007 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to The Banaskantha Mercantile Cooperative Bank Ltd – THARAD, use IMPS. With IFSC TBMC0001007 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 Tharad

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 TBMC0001007:

• 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 THARAD is still linked to IFSC TBMC0001007.

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.

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 THARAD branch, the IFSC TBMC0001007 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.

Account types you can open at the Tharad branch

Once you have an account at The Banaskantha Mercantile Cooperative Bank Ltd – THARAD, the IFSC TBMC0001007 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Tharad 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 TBMC0001007

Digital banking channels

Most day-to-day work that customers used to do at the Tharad 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 TBMC0001007 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.

Reaching the branch

The Tharad branch sits at TFLOOR,K.R.PLAZASHOPPING,ABOVETULIRETAURANT,SANCHORTHARADCROROAD,THARAD385565DITBANAKANTHA,GUJARAT. If you are travelling from outside Banaskantha, search for the branch on a maps application using the bank name and locality, or call 7573031227 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 TBMC0001007 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to The Banaskantha Mercantile Cooperative Bank Ltd – THARAD:

• The IFSC is exactly TBMC0001007 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills The Banaskantha Mercantile Cooperative Bank Ltd as the bank name and THARAD as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

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 Tharad branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC TBMC0001007, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC TBMC0001007 for The Banaskantha Mercantile Cooperative Bank Ltd – THARAD, 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 address & contact

Frequently asked questions

Summary

The IFSC code TBMC0001007 belongs to The Banaskantha Mercantile Cooperative Bank Ltd's THARAD branch, located at TFLOOR,K.R.PLAZASHOPPING,ABOVETULIRETAURANT,SANCHORTHARADCROROAD,THARAD385565DI… in BANASKANTHA, 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.